[waveslider]

Here's one I just took in ES. This is a 3 min chart.

The one point was a little tricky to notice. The important thing to note is that the 1 pt. occurred in congestion. It was actually an inverse point, the momentum that broke out of the contracting pattern started wave 1.

The target line was drawn between pts. 1 and 4. The trigger line was drawn using pts. 1 and 3. Entry was near pt. 5. If you just took a breakout it was worth 2 pts.

I took this trade because of a variety of factors; Lack of intraday trend, ER2 under-performance indicated that an uptrend was unlikely, range would continue. If you look at the volume on the bars I circled, you can tell the story and see where people got psyched out.

Probably would have been good to watch the TICK or TIKI to look for extremes.

Again, you had to have a trained eye to catch that pt. #1. Looking at balance and wave dynamics helps.