Dislikedndle did.
hi kraven
the first short entry you circled , appears not a valid one. the red candle did not reach a highest high, the previous bullish candle did, so the red candle would not be a reversal candle right ? so no entry there.
similarly, the second entry, you waited for the second red candle to give you the signal. in this scenario how many red candles would you have waited before taking the signal, i.e. is there a limit to the number of candles you can wait ?Ignored
but to answer your question the first 2 circles are mearly where the trend line comes from....see the yellow trend line. however, the first one was not entries (hence i did not discuss them, it was there to highlight the TL), the second was but the first red candle didn't cause a KRC. as for the number of red candles before i decide the trade is no good depends on the chart conditions e.g. size of candles, size od SL, angle and size of trend, SR areas etc...
the actual bet i discussed on the pic...basicaly a trend contionuation, using the trendline for my TP.