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Fri Feb 2, 2023 - Micro E-mini 5min
Hi Daniel,
There are several perspectives on this. One way to view it is that the attempt by the higher low to push prices lower failed, which resulted in a price Reversal and establishing a Major Trend.
But what happens when higher low leads to 2LT or wedge top?
With that said, I could see a perspective of an attempted L2 at the open swing setup (somewhat common) that failed. In any case it was a bad sell signal, but confusing (to me) to call it MTR.
But doesn't matter, as long as you understand the action, just wanted to see your perspective. Thanks!
Hi Mike, how are you defining a 'failed wb'? Because it ultimately went below the b7L? I ask because some would consider it successful since it produced 2-3 legs up, which is the expectation for a wedge.
Thu Oct 31, 2024
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Fri Nov 8, 2024
Re-uploading the chart fixing some abbreviation typos
SBPSL = Small Pullback Bull
BBLCH = Broad Bull Channel
Mon Nov 11, 2024
Tue Nov 12, 2024
Hi Mike , missed your YouTube summaries. They are very helpful
Hi Simon,
Thanks! I'll make one right now ... thank you!
Thank you Mike
Wed Nov 13, 2024
Thu Nov 14, 2024
