Disliked{quote} Hello sir Rearden I am trying to understand this chart. (1) is lower high. (2) is higher high (because it closed above previous high (1) and stayed above i.e at least another candle closed above (1)) (3) is higher high ( just for same reason as (2)) Question 1. why is the bearish pin bar at (3) not considered as following of rule 2 - retrace to top of channel? Question 2. what is the rationale for your lower trade entry instead of retrace to the blue line? {image}Ignored
Be bullish on you.