Look for an "M" formation (a double top). The second leg of the "M" should ideally be lower or equal to the first.
: Identify where you are in the weekly cycle. A top formation often marks the end of a multi-day rise (Level 3). btmm steve mauro part05 trading zone and rul top
Previous parts of BTMM taught you how to spot manipulation. teaches you how to monetize manipulation. Look for an "M" formation (a double top)
If a trade does not show profit within 2 hours of entry, the "trap" may not be ready, and it is often safer to exit. A top formation often marks the end of
Price creates a significant high. In BTMM terms, this is often where the Market Maker creates a "Swing High" to stop out early short sellers. At this stage, retail traders are usually fully committed to the long side.