Disliked{quote} Sam Sorry, I was not referring to you in particular.....I read about BO and I thought I could share something........In my daily practice I am also very aware of those patterns.....they repeat themselves often and they work wonders in the right market conditions.......Ignored
if you scale down to the 5m, prices were in a bear channel, prices broke below the channel line and below the previous day low coming into the LO, the break did not have any build up.....counter traders smell that and they get ready......some counter traders are really smart.....they only do that...
It was also a opening morning reversal........it was the low of the day until now...the reversal bar was strong confirming the theory.....7 bars after that we had a LH.....which is a second entry and a safer one.....
trading is simple but is simple is not easy.
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