Descending Trend Line Breakout
On a daily time frame:
Step 1) Market attempts to rally multiple times but drifts down forming a down trend line
Step 2) Once that down trend line is crossed, then a buy should be triggered.
On an hourly time frame:
Step 1) Market attempts a break of the down trend line, only to reverse back down
Step 2) Market attempts again, only to reverse even further – but doesn’t make a new low
Step 3) Market holds overnight (or for 12+ hours) without moving much, coiling up energy for the real breakout