Weekend Learning: Recognizing the Market Cycle

One of the biggest problems that I faced at the beginning of my trading journey was recognizing the market cycle.
I have seen people who have spent a lot of time and effort learning candlestick patterns, but know that without understanding the market cycle, even the best patterns will fail.
The graph above can help you to first find the market cycle and then look for different patterns to trade.

Every chart has only and only 1of this 4 patterns:
1.Breakout 2.Tight Channel 3.Broad Channel 4.Trading Range

1.Breakout:
Has no pullbacks or just 1 small pullback. Only buy or sell in direction of breakout.
Stop is far so risk is high, trade with smaller position size.
Better to get swings but scalp is ok.
Don't trade against the breakouts.
Example:

2. Tight Channel:
It's breakout on higher timeframe.
Most pullbacks last 1-3 bars.
Stop is wide like breakout.
Trade only with trend.
Example:

3. Broad Channels:
Trade mostly in direction of channel, other side can scalp.
Have strong opposite side legs but stays above/below prior low/high.
Buy/Sell at 2/3rd of prior leg.
Example:

4. Trading Range:
Bulls and Bears scalp.
Bulls buy low and bears sell high.
Example:

I am a price action trader and all my knowledge and the mentioned material is from Brooks Trading Course.