DislikedThanks for the comments and I agree the 1st (yellow) setup is better suited to a 1 hour and then isn't really a 2B as point 1 isn't the high of the move. The problem I've found with the 2B setups that give a subsequent higher (in the case of a short 2B) candle after the break is that a there are a lot more failures as the price has to move a lot further to get your entry and then to hit your profit of 1:1. Maybe this is where a trendline break keeps you out of those. I've attached the chart from Paulus' link which mentions the trendline break requirement...Ignored
the trend line is for trader vic's 123's but you can see that it doesn't need to be included to be successful as with paulus method. see what works for you and make it your own with your own adjustments...
also look for prior S/R in the background as these provide ideal points to allow anticipation of where false breaks versus valid break can take place
there is plenty of information already in this thread... please don't try to find complications in a simple strategy
Catching a falling knife, no, I'm just trading the Gartley!