FTSE100 And Price Action/ProbabilityThis chart is a clear display of how markets work in simple terms.
The fact is, your job is to look for repetition. Repetition directly correlates to probability, as it is your bread and butter for understanding what is next,
That is also, simply, the point of price action.
So when something happens so many times.. Do not be surprised if it happens again. And do not bank everything on it just because it is 'probable'.
Risk much be associated to the risk of the market setting and you must be prepared for a failure of any level with further risk plans.