1. First, identify a price range, which is the area where the price rebounds or falls after multiple touches.
2. Then, wait for the price to break through this range.
3. When the price successfully breaks through and closes above the range, the next candlestick high is your entry signal.
Once you have mastered this basic strategy, you can make trading decisions independently.
This method is applicable to different time periods, and different periods will bring different results. For example, when you look at the 1-hour chart, the decision is based on the information of the 1-hour chart. Similarly, the decision of the daily chart analysis will be based on the situation of the daily chart.
It should be noted that even the same breakout area may cause the strategy to fail in unfavorable circumstances, because there is no 100% effective strategy.
Remember, it is better to use a bullish strategy in an upward trend, and trading with the trend is the easiest to make money.