10 minutes later when we know how far candles tend to extend after they break previous candles high after a trend down... and how often... we can feel secure in our decisions. this we know price will travel X after break of high after long trend down for a quick scalp. at a major resistance area.
Work in progress. I got an idea from NTW's work on looking at the ratio number of times a candle closes green vs red above the moving average and the number of times it closes red vs green below the moving average.
revised an old statistical system i use to use ... steve was inquiring about this one what i made most of my account with.. Also what i used to scalp this trade.. first i will post some graphs