A PERFECT EXAMPLE OF A PLANNED TRADE
Everything known much before it happens!!
First Step - Look for a Low (This will form Point 2 in a Bearish Setup
Second Step - Look for a High This will form Point 3
Then look for Point 1 (previous high should be lower than Point 3)
Third Step - Look for the next low - Should be higher than the previous low and this will be point 4
Go short @ point 5 (aproximately at the trendline extended @ 1 and 3 - Usually a false breakout that needs to be shorted.
The best part - Once you have Point 3 - Short at point 3 - Go long at point 4 - Short at Point 5
Book profits when the price hits the extended trendline drawn from 1 to 4
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