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11D- Bars of PB to confirm that gap hasn't close
on 11D, at 5:55, slide writes that "when the bear resumes after a PB from a BO, without pulling back above BO point (bulls could not close the gap), bears sell more".
How many bars have to wait to be sure that the PB hasn't close the gap?
It is not a matter of number of bars but of attempts to close. The more times the MKT revisits the gap the weaker it is. Here it went down after the first test so the trend was strong
Here it went down after the first test so the trend was strong
Do you mean that we had a bar that it closed in a new low?
@hlnvel33gmail-com Yes, the candle the red arrow is pointing at is a BO candle and you should expect more down.