2d (edited) • General discussion
Three tops and Mitigation.
Three tops and three bottoms form, in my opinion, the strongest rejection for a buyer or seller. It is one of the many few mitigation setups off an area of interest, like I’ve posted the blueprint in this selection of photos. You have the three tops, and then the mitigation tags in on the sponsor candle—the candle that broke structure from the three top. Mitigation follows the same rule every time, You have the blueprint, and then, after the blueprint continues, price action tags in off sponsored candles (the candles that broke structure) as it takes its run down or up to it’s next flip, or up or down to the next point where the market reverses - (the Next set up) This is a great example of a three-top, which is invariably the blueprint, with the fourth tagging off the sponsored candle from the three-top. This is a good example of how mitigation works.
The blueprint is a fundamental concept of this game. I will continue to explain it in more detail as time goes by, along with the many other various variations it comes in.
If you weren’t sure of your Higher timeframe a three top with it’s mitigated entry is a good way of knowing where you are in your range. It’s one of the strongest set ups I use.
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Three tops and Mitigation.
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