Tradeable Structure

Direction is only tradeable when three things are simultaneously true: the market is in a directional state, the expansion has persisted long enough to be described without hedging, and the expansion has been consistent enough that a mechanical wrong point can be clearly defined. If any one of these is missing, there is no tradeable structure — regardless of how appealing the chart looks. The test is whether you can state what you see in a single declarative sentence without qualification. If the hedge appears in the description, the structure is not ready.