A perfect 'M' pattern that forms outside of the London or New York session windows is highly unreliable. The Market Maker rarely moves the market significantly during quiet hours.
Multiple candles rejecting the exact same high price point with long upper wicks.
This segment of the course emphasizes systematic pattern recognition and disciplined execution within specific market environments. : btmm steve mauro part05 trading zone and rul top
In Part 05, Mauro introduces a hard rule:
To help me tailor future BTMM guides, let me know if you want to look deeper into Steve Mauro uses, or if you would prefer to study real chart examples of M and W formations step by step. Share public link A perfect 'M' pattern that forms outside of
Traders are taught to identify high-probability areas where institutional "traps" typically occur.
According to Steve Mauro, the Rul Top is a sign of exhaustion and a potential reversal. It occurs when the market makers and smart money traders are buying aggressively, but the retail traders are selling. This leads to a sharp price movement, followed by a reversal as the retail traders are stopped out. This segment of the course emphasizes systematic pattern
A "Rule Top" or Peak Formation High (PFH) is the extreme point where Market Makers trap long traders before reversing the price downward.