Al has some interesting ideas for scalping. However, in reviewing this video he goes on to mention "parabolic wedges" and "triangles" without drawing them on the charts. So, for me, I don't quite "see it".
Those examples are in his full course. In the vid screenshot, the 7:10 candle in the apex of the wedge with the trailing edges fanned toward the left. It can also be interpreted as a failed continuation of the bear flag. Al, at times, run trendlines through wicks, preferring to have multiple points of intersection bwt candles and TL's.
I would not bother; none of his teachings or examples are backed up by any real time trade executions; he has no performance data and in fact is not a trader - he is a book salesman. He speaks here and talks there but never trades.
It is parabolic because of the shape of the wedge. Two angles. One steeper than the previous one. It is accelerating down into a parabolic wedge bottom. See blue lines.
Black lines, as Volpri said (which I missed) Blue lines as wedge/triangle consolidation pattern, break to the upside. This aligns more with h1h2 buy stop long entry.
volpri is better grounded in profiteering with Al’s methods. He has a journal documenting his trades.
Volpri - what say yee ? What kind of win rate is present ? What about other stats too ? Avg # of trades per day ? Avg win/loss amount ? Avg daily net profit ?