Once the trend is established, the trader drops down to an intermediate time frame (e.g., the 60-minute or Hourly chart) to find the setup.
Here's what I found:
One Tuesday, the setup appeared on $AAPL. The Daily was in a clear uptrend, the Hourly had just finished a healthy pullback to the 20-day moving average, and the 5-minute showed a classic "higher high." Once the trend is established, the trader drops