If you wanted to wait for the pullback instead, you could have run the
retracement of the prior low-to-high swing and also looked for any symmetry
projections (see Figure 14-10). In this case, the 100 percent symmetry
projection of the prior swing (15 points) was projected from the 12865
high and came in at 12832. This overlapped nicely with the 50 percent
retracement of the prior low-to-high swing, which came in at 12831. The
pullback terminated right at 12832.
Most of these trigger examples so far have been illustrated on some
very short time frame charts. This is because I typically work with day
traders all day long, and they don’t want to risk a lot of cash on each trade