DislikedThanks Jim. Agreed. I'm viewing it as 2 different plays. The traditional break of a wBEOB (and the consolidation), and a daily retest of PBT & CB within the background of the wBEOB. For the wBEOB break, there are a few prior weekly bar lows (in the 1.5700's) that may act as FTA's, and in that respect the breakout boundary may need to be broadened or some of "this is critical" action may be required soon after entry. The daily retest of the 1.5840-50 area maybe a little cleaner with easier management IF it happens.Ignored
Do you mean by "traditional break" on the Weekly BEOB a breakout type trade or a breakout with a pull back (retrace) ?
Indicators show the past. Price Action "Indicates" the future.