Disliked#1 is the intitial surge of the retracement right at the RN which was one of the elements of Resistance, along with the Fibo, and a previous swing low, and then it bounced off that level kind of broke the main down trend line buy a few pips and then #2 intially broke back into the trend, and then #3 was the pullback, notice how the pullback did not take out #1? If it had taken out number #1 then the setup would have been invalid.
The after the continuation broke down through that RN is when I placed my entry. SL should be placed just a few pips...Ignored
yea if it was a lobsided M. if the top of the M is near the RN or any other S/R it would fit the picture. i see it that way. haa..
previously i would always wait for the price to pullback aft the price broke the retracement line. it never happens so i could not enter. now i see the M and once it broke the M i would enter.
look at the way i see it