DislikedSC, I was rather asking that question from a more general point of view.
At this stage, I am hardly the one to decide these things.
....Ignored
yes, it may not be the right time for u to decide & try this methodology...
but eventually u will have to decide if it's for u or not.
Dislikedwe had 3 pbs in a row, although that shows that level/trendline is holding, isn't a negative sign that price didn't bounce off that level with the first pb and continue with momentum up, but came back down 2 more times?Ignored
it is actually an extra bullish confirmation.
3 consecutive PBs = 3x the demand & 3x the rejection
(of course, what happens next is entirely up to the market.)
QuoteDisliked...isn't a negative sign that price didn't bounce off that level with the first pb and continue with momentum up.
move up
move down
range
the market does not go straight up or straight down
a PB (or any PA setup) that breaks hard doesnt happen all the time. but of course that's how we want it all the time, right? LOL