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hello.
I have been thinking, after a nice meaningful spike, we get a pullback (say to the 10 or 20 ema). It is high probability that the trend will resume (as a channel).
The second pullback, also high prob.
Isnt the 3rd PB of lower probability? and the 4th and 5th even lower?
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or, imagine the end of a trend, the TL breaks, price action bounces off the previous low, and we get a double top. This could be a range, I'm preparing to buy the lows of the box, I consider this relatively high probability that the highs will be retested. But, after this occurs a couple of times, isn't it now low probability that the box will keep on giving? Should we only consider the 2nd or 3rd bounces in a range and then regard the rest as lower probability?
thanks for your attention, happy trading!
