DislikedHello Steve,
it depends on the market situation (trending or ranging).
a BEOB closing inside a consolidation does not always guarantee price will follow through & move smoothly.
even in trending environments, price still gets rejected, example, on the range bottom (in your chart's case). afterwards, sometimes price follows through, sometimes not.
the only way to know if price will follow through, is by having a position on (guesstimating the direction, momentum/trend correctly), & letting price move further(if u feel/believe trend will persist).
the...Ignored
Yes, and answered it very well.
I will be sticking to using the area between them as PPZ and looking for setups moving away from them, rather than into them.
I was just interested in this point while I was looking at these two boxes.
Many thanks SC.