any bar has 5 points of emotion: the people at the... 1. Top 2. Bottom 3. Mid 4. Open 5. Close 4 of the 5 are well known and used. The only folks I lnow who use Mid are Candle traders and they only use Min on Wide Range Candles. Old trades used closes related to prior mids - they understood the importance of the Mid point. On the Daily I lined main points of emotion to give us the pale blue line we reacted off on the 1 min chart today. The bigger the timeframe the more important it is how OHLC & Mid lines up on your trendline. It will work in the 1 min but there can be some violations - 2 min up is better. The green arrows show a T/L from hi thru 1st closing low and 1 st closing Hi. Where the T/L connects with an important T/L often gives a time and price important reversal. Same thing for the red arrows connecting with an important T/L. We are scratching the surface of T/L power but I thought I'd do it now as we have a daily in play intraday. Test using T/L's thru mid's and lining up HLOC and seeing where there is a clear confluence. Now I use this for a secondary guide - it's fun, but I trade off the signals.
Posting with a small delay (nothing happened during this time though), protected about 2% profit and holding.
Sure, here are standard K/R & Sandwich Bar K/R. Any reversal not highlighted is usually a 3 bar take-out but I'd hope to be in before that. This is the old chart with highlights.