What this guy said lol.
If above or below wait for a retrace back to a known zone, and if a strong price action symbol is given for a reversal then you can open a position with good confidence. But I don’t just jump into a trade once above the last known zone, wait for the retrace and a good reversal signal.
This is a good thread to read up on price action. I backtested the strategy(Jan 2021-Mar. 2021, still front testing as well) and came up with a 83% win rate and good amount of pips, even with the thread being from 2012. lol.