DislikedI actually liked the second BEOB better based on the fact that this one at least could close below the parity level and coming into a friday where retracements of the current trend(profit taking) and riding those that get caught up can often see some more selling. So in a sense you are correct. multiple beobs like that in a row are signaling selling pressure, the key though is What else is going on around it, and is that alone worth to sell. The answer can be both yes and no. Then you move onto well where should price likely go, how am I going to...Ignored
This is what I was thinking also, that this one closed below the area(parity) that you said the first BEOB couldn't. And since there are two of them in a row, wouldn't this increase the probability.
But the thing is, all of you guys are correct in that I should learn to recognize S&R areas and PPZ before I trade because it seems to me as I always short into support and buy into resistance.
So there's some learning to me. It's just that right now in the beginning.. I seem to see S&R and PPZ everywhere!!
Thanks Mike for your advice and all the other guys (SC + Pinbar). Have a great weekend all of you!!