There are two types of action on every trader to entering market. Buy on breakout or buy on weakness. Those types can be shown on this figure below. This is to let you know & update on my idea on previous publication in this link ==>
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.