chart2A: red dot sell 667.80 - what was the setup done AND was it a method base setup?
red dot: the setup was a compression triangle breakout using a 668.00 centerline which was a left side price specific extended right - see this price as the 10:02ct low.
a triangle is characterized by higher lows and lower highs as volatility compresses - this trade was entered with market direction AND with addition room to trade through on the triangle breakout - it is base for the market condition-compression triangle breakout setup base.
additionally characteristic to this setup is the size of the breakout potential AND with it the potential to expand the trade partial profit size - in this case a 667.70 sell fill got a 665.50 partial = 22 ticks -vs- a minimum trade partial of 7 ticks.
