The process of finding trading opportunities is essentially about collecting evidence from different dimensions.
First, use trend lines to determine the general direction of the market, ensuring that you are looking for entry points in a trend-following environment.
Next, observe whether the price breaks through and confirms in support and resistance zones to define potential key positions.
On this basis, Fibonacci retracement helps us identify reversal points, while candlestick patterns further provide detailed confirmation, such as engulfing and reversal structures.
Finally, it is also necessary to set stop-loss and take-profit levels to close the entire trading plan.
The significance of this process lies in the fact that it is not a single signal, but rather multiple conditions stacked together that can be considered a 'valuable opportunity'.
