I trying out a breakout strategy based on a daily TF. If i am using correctly, i am looking for 123 formation to go long. Once I see the formation I am looking for price to breakout at the 2( resistance) or reverse. I know sometimes a candle can close above my resistance and then reverse for a false. If I am using a daily TF for the 123 formation and support and resistance, what TF should I scale down to( 4hr,2hr,1hr???) to see what price is doing once the resistance is broken. Any opinions would be greatly appreciated.
Thank you,
Noe
Thank you,
Noe