Everything begins with a consolidation, which is when the markets are quiet. This is where the liquidity and volume in the market is injected. Building up orders for the market making capable participants.

From consolidations onwards, the most logical move is an expansion, this gives us one of the three formulas;

• Consolidation -> Expansion

• Retracement -> Expansion

• Reversal -> Expansion -> Consolidation

It's cyclical, you see this often on weekly scales as well.
It might still sound a bit ambiguous, but let’s clarify with some examples.

Here is a classic buy case scenario, where the daily delivery is bullish.

You see the trap created in London, we take out that bullish trap and then create that low of the day, fuel liquidity after taking it for the move up.

New York follows very nicely to deliver a perfect continuation up until the dead time.

Classic sell case scenario, where daily delivery is bearish.

Here is the textbook note you can keep alongside;

Buy Side.

Sell side;

There are also two sideways examples where price just consolidates, these obviously come in two manners, bullish or bearish forms.

Bearish Sideways Delivery;

Bullish sideways delivery ;