Dislikedfor what its worth, i personally dont discard the set up solely because it didnt break on the next bar,for me the setup can be valid for a few bars after depending on the situation. Aftewr all a good location wid pa and confluence is... a good location wid pa and confluence! and i like to give it a bar or two to see how it developes. sometimes momentum also takes a little while to build and get eveyone on board??
What i dont like to see though is the following bar to close high/low into the trigger bar, this to me is a sign of the level weakening?...Ignored
Well said g_j_. I agree totally.
Indicators show the past. Price Action "Indicates" the future.