Where a pattern forms: after what move, at which level, and in what higher-timeframe trend. The same shape means different things in different places.
How traders use it: A reversal pattern is generally given more weight at a planned key level after an extended move, and little weight in the middle of a range.
Common mistake: Hunting for shapes and only then looking for a reason the location matters.
Related: Higher-timeframe context · Key level · Confirmation
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Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.