Disliked{quote} Hi Laura, my question rather was, when do you call it "a Bounce of ADR line" and when is it "ADR Breakout". Never mind. Here are my observations of how the market behaved, when the price reached the ADR line in the last few days and what were the CompRSI values in that particular moment... {image}Ignored
Apologies, I misunderstood. I tend to regard bounces as anything that reacts within 10-15 pips (depending on volatility of pair) of the ADR line.
As it's a rather inexact science, I advise people to wait until they see some sort of reaction/rejection to be on the safe side. More aggressive traders will likely prefer to take the hit of the line straight away if everything else lines up.
Finally, thank you for the data. Very interesting to see it laid out that way. I think it highlights the transient nature of market behaviour in terms of there being exceptions to every 'rule', but hopefully it does provide a general idea.
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