Dislikedthanks smith for the explanation. now i got it. but unless day2 closes how can we say the wick is same as day1 ? at some point wick could be same and u enter on breakout then retarces and hits the low and the wick extends.
i will watch this on more chartsIgnored
But when they run, you get in with tiny stop, and get very big win.
I personally don't risk alot on these trades, but that's something each person would have to play with, how much there willing to risk on this type of setup.