✤ Setup Conditions:
1. Apply Dow theory on daily chart to see the trend (uptrend/down trend).
2. Compare the most recent behavior to past, this will give the trend (HH-HL or LH-LL).
3. Identify which of the two trends are in sync. (Primary Secondary & minor).
4. Identify Price action reversal areas for support and resistance like Trend line, horizontal line, Pivot Point, demand and supply zone on daily chart.
5. Make a channel on 5 minutes, 15minutes & hourly chart.
6. Identify the chart pattern like Flag, Pennant, H&S, Wedge, Cup and handle, Rectangle, etc.
7. Identify the candle stick pattern like Hammer, shooting star, Morning Star, Evening Star etc.
8. Pull the trigger to enter in to the trend when it breaks the trend line.
