This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis
Nifty gaped down within previous day range. Price failed to move beyond the opening bar. Avoided long due to BRN and PDC. Price made a BW around these levels. Long on TST of LOD. Trailed with patience but shaken out just before the quick BO up move. Only one trade.