1. Breakout after consolidation. Buying opportunity.
2. The red circles denote higher highs while the blue circles are higher lows. Classic trend.
3. Flag: rectangle pattern that slopes against the previous trend (uptrend). A flag is a continuation pattern and in this case, the flag's low did not breach the previous low (2nd blue circle) which should have kept the trader in the hypothetical trade.
4. Narrowing channel/symmetrical triangle suggests breakout to either side. Tighten stops as this indicates a fast move in some direction. An opportunity to add to the position as well.
5. Break of the channel/triangle. Stops should be further tightened if the position has not already been exited. If it is a false move, add after confirmation. Do not guess.
6. Consolidation after the break of the triangle. If for some reason, the position is still active, a further break of this consolidation channel must be the final straw.
There are plenty of opportunities throughout the hours, days, and weeks to enter a trade. Manage risk! There should be no surprises. Any steep loss because of a break in any direction should have been mitigated with stops or alarms. If you are a TA daytrader, you can always add back in once the charts clear up and give you a clearer signal.
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