CoursesBLT | Bank Level Trading

Schematic Confirmations At Plan A, B, & C

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What this lesson covers

This lesson covers when and why to choose plan A, plan B or plan C, using a boomerang example that sits at the fourth wave with the pattern intersecting in the middle. The basic version is straightforward: enter, place the stop just above the imbalance and the pattern, and target the fifth leg, with multiple exits available. The lesson then moves to the hourly chart and shows how the choice between the plans depends on what the higher timeframe is doing and how the schematic has confirmed. Having all three available is only useful with a rule for selecting between them, and this lesson supplies that rule rather than leaving it to preference.