It simply means you have selected the very coarse time frame chart to trade. You should have used a finer time frame chart like 1 min, 30 sec, 15 sec ... (or smaller volume chart) to trade.
This analysis works with trade signal providers...although I don’t use them much. You can make use of bar charts for this kind of analysis.
Can't patent a phrase. Might be able to trademark it or copyright a booklet, but the protection for copyright doesn't cover the core ideas or techniques.