DislikedThanks Mike , I understand what you mean . But I am asking in terms of a breakout and pullback concept , not pure price action .
Here is a bigger picture of that same setup my question was :Ignored
It could be but for me when I talk about breakout and pullbacks, I am looking for concrete patterns. Like wedges, flag patterns etc. To me this is just an area of resistance that may turn to support. Like a PPZ. I see people often try to play continuation/breakout+pullback at PPZ and to me the effect is very different then a specific pattern. The reason is if you pick that specific pattern out and are correct then things generally run pretty smooth. As opposed to trading off a PPZ is more trading of a ZONE and that doesn't give as much weight for me to a continuation type bar
Hope that makes more sense
Mike