Phil great book. I do my analysis the same way but i look for ob's and breakouts to.
the ob is almost always going to show you the direction of the pending movement (just look for it)
also consolidations always break out so it is easy to catcha good move using that. but the ib i love because it is breakout trading and it has alot of opportunity 80% of the time the markets are ranging.
heres a consolidation im looking at.
