A pattern is just a pattern.
The leading indicator is Price movement - Candlestick (Movement, Momentum, Time Spent at SR, #The10Commendments)
THen, you will find that power patterns are enhancing the price even more.
In price movement, you can find behavior patterns of the price. Whether it is Wide Range or Narrow Range. A FTR, or Flag flip, or trend breakout.
So you need to identify the price action first.
With psychology - Identify the retail traders behaviors, sociology, fears and enthusiasm.
Trade with the big ballers. Institutions
The leading indicator is Price movement - Candlestick (Movement, Momentum, Time Spent at SR, #The10Commendments)
THen, you will find that power patterns are enhancing the price even more.
In price movement, you can find behavior patterns of the price. Whether it is Wide Range or Narrow Range. A FTR, or Flag flip, or trend breakout.
So you need to identify the price action first.
With psychology - Identify the retail traders behaviors, sociology, fears and enthusiasm.
Trade with the big ballers. Institutions