@Vikrit:
I am not an expert, but can share my experience with WWs for sure... If you are beginning out with this pattern, it would be prudent that you concentrate on WW which is easily discernible for a naked eye.... Don't spare your time for the ones for which you would have to strain your eyes to confirm if it is a WW or not (unless of course, there are other confluences)....
The one which Kid posted on Crude 5min was a WW.... but it reversed from point 4.... Kamleshji has always advocated to be cautious when price reaches around the 2-4 Trendline and then around point 4.... There are chances of reversal around these areas....
Regarding SL.... the thing that I have observed with WW is that... if WW has to play out, you don't need a SL... ie; keep your SL around the pivots and you would be good to go.... If it hits you SL, chances are more that WW won't play out.... Otherwise, it would start moving in your direction from the time you enter the trade....
@poortrader:
If you want to look for volume confirmation, please confirm it with your Trading Platform.... The volumes shown in GCI is not real....