Entries and Exits are tough to figure for most people. The general rule is long at support, short at resistance. The problem is many wait for confirmation of the move so end up going in at the middle of the move or sadly at the end of the move.. Sound familiar?
There are 2 things you can do to avoid this.
The first solution is to understand the momentum. Momentum will start to fade before the end of the move. If the momentum fade in the lower time frame has been sufficient enough to affect the momentum of the higher time frame, your move is about to end.
The second is understand the level of interest.
The accumulation causing the price to go up has a specific target. The support it lost for the sell. Level of interest for accumulation.
The distribution casing the sell off also has a specific target. The support that allowed it to move up. The level of interest for distribution.
This tutorial is now done.
What you expected more? Its as easy as that. By understanding what is causing the market to move one way or the other, you will understand where you are in the process and select the best places to go long or short. You will use comparative analysis to ensure that you will choose the shorter time frame to enter in a good phase the price action is currently taking. What? Well if the move is 20pt move. It generally will not do it in a straight line. There will be series of accumulation and distributions in lower time frames to achieve the larger accumulation distribution. Thus the candles with long bodies and wicks.
Have fun enjoy.