These are secondary and somewhat lower probability patterns. But when paired with other analysis, such as momentum from the market maker screen, they may be traded successfully.

The above pattern may well be showing price strength to the upside with successively higher swings down in price as it goes back up lo test the same high price, wail for some consolidation before buying a breakout to the upside.

The first trade is an intraday pattern of a 5 minute bar chart that is the basic „dip and rally“ setup for a buy breakout.

The consolidation at the high of the day is the key to the success of this setup, as it is with other pattern variations. The longer and tighter the consolidation, the better. This is a setup that develops through the day. Another more obvious pattern looks like this:

Another intraday consolidation pattern that you may see looks a bit different but it can also be a powerful setup: