You can go on like this until price breaks out of this, which it eventually will. Or stop. If you can use the practice, I'd stick with it for a while.
You're going to have to define "higher high" for yourself, if you haven't already. Note that the bar you've circled is only marginally higher and...
I hope you see how PA transforms itself into chop, and that if you pay strict attention to the lines, breaches, and RETs, you can avoid being...
SL if fanned is broken and there was a long here at the RET.
Note that when these lines are breached, a message is being sent. But you have to be able to receive it. Hope is not an option. Paying...
I'll have to see your chart. Depending on when and where the HHs are, there could be a DL under the 1012 bar. If so, there was a short a couple of...
Not unless it made a NH
Forget about TRs.
DL breached
Same situation here, either a long or a short cont. Dep on the RETs Note that LLs, HLs, S, etc are irrelevant.
FSL breached. There never was a trigger for a cont. short.
Fanned SL is just a couple of points above.
You'll have to learn to scratch without thinking about it.
If one defines this as a RET, prepare for the short. Otherwise, wait.
DL broken.
And if it doesn't make a NH, scratch it.
SL is broken, so you will either have an opportunity to go long or to re-enter the short. Depends on the RETs.
$ hits the SL and continues down. This does NOT mean that the SL provides R.
The top of the hourly range provided R, but it was not necessary or even desirable to anticipate this. The break of the DL did not occur until...
The delays in posting create problems. I meant to type that there was no broken DL. Now of course there is, with a RET at 0938.
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