Above the mother candle or above the IB?
I've been experimenting, and I prefer a variation of the 2 depending on how the IB sets up.
DislikedDanGilbert 'coined' a term for (possible) breakouts off of multiple IB's:
here. in other words, Dale's Doubles or IxB's.Ignored
Oh, btw, SC, Jarroo, I find the IxBs concept quite interesting too. Its to me an application bollinger: shrinking volatility leads to expanding volatility.
If we think about it market structure wise, it's in essence a bull-bear fight (I'm thinking 3500 on Fiber yest)... only one side can win, so we see an eventual "pop".
Magnitude varies of course. =)
One Mind, Any Market