Your analysis is pure gold! Thanks for dissecting this setup so I know better in future how seive out such setups.
Btw, I read somewhere in this thread or from the video for the public that James16 mentioned if there are 2 PPZ nearby, we shld wait for bar to break both PPZ b4 taking the setup. For BRN like the 2 examples above, I suppose a break is not enough and we wld require a close ya? Or perhaps I mis-interpreted James16?Ignored
I am not sure about the PPZ, but it really would depend on the look. Generally the idea is to trade away from the PPZ, as opposed to into them(which can be good areas to take profit or move stops).
As for BRNs, I want to see my bars close above/below them. This isn't a requirement. It's hard to make requirements for things rather it's something I choose to do. It can work without a close, but I just like to gauge where the market is better based on the closing price.