Using the current $DOGE plan as an example, let’s examine the deviation at the bottom of the range. According to my system, I’m waiting for confirmation of a return to the range to open a long position.

However, if we look at the formation created within the deviation, we can spot a triangle pattern. Therefore, for additional confirmation, I would like to see a retest of the triangle and another return to the range, which would invalidate the fakeout movement.

Apart from the triangle, this could also be interpreted as another range on the LTF with a potential deviation at the top and a subsequent move downward. Thus, another confirmation for a long trade would be the breakout of this LTF range.

To summarize, before opening a position, I rely on a combination of several concepts to decide on the next steps.