Psydox:
Where I entered was the beginning of the candle with the red arrow above it and got half the move for like 26 pips. In all honesty, my entry was a bit late. I pulled the trigger on that last candle because in my estimation the only real support left was the bottom of the shi channel (purple line). In retrospect, the best entry would have been the cross of the green line that you identified on the chart. This is a failed swing high and is one of my favorite formations because you can usually spot it forming and it often pulls those strong swings in the other direction. I did not see it earlier because I trade while at work and was busy at the time. As for the circled candle being a pullback bar... No, definitely not. It closed at the same level as the open. To be a pullback bar it needs to close lower than open in an upward trend. Also we like to see a longer candle (bigger pullback) and a longer trend especially in the 15M timeframe. Actually it wasn't trending at all at that time, but that's beside the point.( Please take not that standard S3 is 1 Hour; this closer to PHX62 method which is very similar on 15M ). Now comes the tricky part of the explanation...Pullback bars and failed swings are virtually the same thing, except failed swings take longer to happen. I hope this answers your questions.
Where I entered was the beginning of the candle with the red arrow above it and got half the move for like 26 pips. In all honesty, my entry was a bit late. I pulled the trigger on that last candle because in my estimation the only real support left was the bottom of the shi channel (purple line). In retrospect, the best entry would have been the cross of the green line that you identified on the chart. This is a failed swing high and is one of my favorite formations because you can usually spot it forming and it often pulls those strong swings in the other direction. I did not see it earlier because I trade while at work and was busy at the time. As for the circled candle being a pullback bar... No, definitely not. It closed at the same level as the open. To be a pullback bar it needs to close lower than open in an upward trend. Also we like to see a longer candle (bigger pullback) and a longer trend especially in the 15M timeframe. Actually it wasn't trending at all at that time, but that's beside the point.( Please take not that standard S3 is 1 Hour; this closer to PHX62 method which is very similar on 15M ). Now comes the tricky part of the explanation...Pullback bars and failed swings are virtually the same thing, except failed swings take longer to happen. I hope this answers your questions.
"IN CASH WE TRUST"