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I counted it as low1, but found Al counted it as low2: https://www.brookstradingcourse.com/analysis/emini-strong-bear-breakout-4/
Wondering what the low1 here is? Also, low2 here means low2 entry bar (not signal bar, right?)
Thanks!
Hi Wendy,
Not Al's chart as he was traveling. My work! 🙂
I saw bar 5 as the Low 1 and Low 2 signal bar is bar 7. Entry bar marked with arrow is bar 8. Some traders may consider bar 1 a pullback but as it was a doji I do not, just a temporary halt for the first 5 minutes.
So with the gap down these 2 bars were the first pullback setups.
Hope this makes sense.
Richard
