above long entry entirely eluded me, in your free time can you explain little more the thought process behind this entry saint sir ?
p.s. sorry for pestering
No pestering at all........We are basically short when the low of Bar 2 is taken out.....therefore short at 2762-f(usual filter,not mov fil as move 2).Then we come to BAR 5 which nearly negated in its entirety the previous bar.....no big deal if other tfs had concurred,then we would remain short.
But instead we get a signal of a possible reversal ....a higher pivot low on the 15 at 2761+f,and a reversal bar on the 60 at 2766+f.We take the latter and reverse once the latter point is triggerred.
sir ...or anyone....
not something related to today's graph ..but got a quick question to ask ...
can congestion area include clear cut pivots and still be called congestion ??
pls dont take this as a trading suggestion...i know bullish bar is in progress..
having probs regarding identifying the breakdown bar & falures...
so just for identification purposes i wrote for u people to clarify if im wrong.
thts why i responded to saints reply to check whether im correct in identifying
a breakdown bar or not.