I have been drawing the fibonacci retracement onto the 5min chart to help pinpoint my 2nd white Dot.
I am ideally looking for price to enter in between 61.8% and 78.6% area (granted, it can go higher) in order to validate my 2nd Dot.
Today on the DOW this did not happen so instead, I decided to WAIT and take a BUY trade off the low of the Orange Box during the 1st couple of hrs on the opening bell of the DOW.
Price crossed and we had a nice +150 Pips move (it actually went higher but no one ever went broke taking a profit).
Why the BUY trade you may ask, well, on the 30 min we were coming off a low Semafor BIAS (as well as the 5 min) so we only wanted to trade BUYS in our Orange box today).
This way we keep with the Trend.

I enclose a screenshot for your perusal.
Xard777

PS If price had crossed into our retracement zone then I would have taken a BUY at the 2nd White DOT with 2nd BUY off the low of the Orange Box.