@CoinGurruu thank you for drawing that, but I understand that already I'm talking about step 3 that says: "stops taken/close BELOW first high" if you look here the impulse move did not close below the first high
$BTC: FTG Pattern ( Failure to Gain )
My favorite/Most profitable set up.
Made a road map on the chart for all to follow.
IDEA:
Short Entry: At red X
Stops: Above the high
Target: Up to you
Second chart shows you how the setup would look.
LOW risk, often less than -1% stops.