If you’re looking to maximize your profits in a short time, then you need to focus on consolidations and wait for the consolidation breakout.
Because when a valid consolidation breakout occurs, the probability of trend continuation is very high.
This means that you can earn a significant profit in a relatively short time.
To this purpose, the Breakout Pivotal Bars (our consolidation indicator for TradingView) in combination with another great indicator that’s used in many profitable trading strategies, the Sentiment Index, plays a big role.
In fact, in the trade discussed below, we identify a simple consolidation breakout opportunity to the upside.
We then wait for the actual breakout to occur, and we simply execute the easy consolidation trading strategy explained below.