Context is far MORE IMPORTANT than the trade entry trigger.
One of the dangers that newer traders face is too much obsession with Lower Timeframe or Trading Timeframe entry trigger patterns.
I've been there myself. We all seem to get stuck there. Entry trigger patterns are exciting. They're simple to see. And most importantly, they satisfy our "need" for certainty.
And so when I post a trade with a shooting star trigger entry, or a spike & ledge, or a spring or upthrust, I get people emailing me with a dozen examples of these same trigger entry patterns that they've just found on a chart.
But typically…. they're forgetting context.
Never forget context. It comes first!
What do I mean by context?
Context means the surrounding conditions or circumstances within which the trade is occurring.
There are many ways to look at context. My preference is to consider where the trade is occurring within the Higher Timeframe S/R framework and the Trading Timeframe trend structure, plus whether or not the "behaviour of price movement" matches my future-trend projection (See YTC Price Action Trader Vol 2 Chapter 3 for the Principles of Future-Trend Direction!).
There are other ways. Some traders gain a feel for context through market profile, or intermarket correlations, or… well there are many ways.
The point is simply that a trade does not occur in isolation from the surrounding market conditions. And those conditions are important.
Let's look at a trade: (Note: I've purposely left off the timeframes as it doesn't matter. Just think in terms of Lower, Trading and Higher Timeframes)
As you can see… it's a really nice Shooting Star pattern. But that's not the important part.
Let's look instead to see the conditions surrounding the trade.
We'll start with the Higher Timeframe Chart: