wave signal

CHOCH— change of character BOS— Break of structure MSB—. Market structure breaker TP—. Take profit SL—. Stop lose
* OB—. Order block
BB—. Breaker block S/R—. Support/resistance HH—. Higher highHL—. Higher lowLH—. Lower high LL—. Lower lowFIB—. Fibonacci retresment LTF—. Lower time frame HTF—. Higher time frame R/R—. Risk reward ratio POI—. Point of interest BE—. Break evenMM—. Market makerPB—. Pull back SOS—. Sign of strong SOW—. Sign of weakness SSL—. Sell side liquidity BSL—. Buy side liquidity FOMO—. Fear of missing out IRL—. Internal range liquidity ERL—. External range liquidity
These are short words which is used in financial markets.
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*3. Trend Following Strategy**
**What is Trend Following?**
• Strategy where trades are made in the direction of the prevailing market trend.
• **“The trend is your friend”** is the central idea.

**How to Use It:**
• For a bullish trend, wait for price to form Higher Highs.
• Look for retracements and identify the Higher Low zones.
• **Place a Buy Trade:** Once price enters the HL zone and confirms a bullish move.
• **Stoploss:** Below the HL zone.

**Example:**
• In an uptrend, wait for price to dip into the zone HL Enter a **Buy-long** trade as the bullish OB confirms, and exit at the next HH.

**4. Breakout Strategy**
**What is Breakout Trading?**
• This strategy focuses on capturing price movements when the market breaks through a key level of support or resistance.
• Often occurs after periods of consolidation.

**How to Use It:**
• Draw strong support and resistance levels on your chart.
**Enter:**
• **Buy Order:** When price breaks above resistance.
• **Sell Order:** When price breaks below support.
• Use Volume Indicator to confirm breakout strength.

**Example:**
• If ETH consolidates below $2000 and breaks above with high volume, place a buy order targeting $2200.

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