{quote} yes I do, but is this the true trend or just a pullback of the previous one? Well not easy in my view to establish but in probability sense I know that when the market fails twice to do something, normally does the opposite. So I will try to place myself in the possible to take advantage of that, if I am wrong and my setup fails I will probably reverse if it is not a range market. In brief I do not know in which direction it will go, the line of least resistance could be an indication but not a certainty....
sandycarrot
This is what I mean graphically: she goes up, then she pulls back (1) more bulls, up again, then back to 1 to test the bulls, I did not buy because the PA is showing me that bulls are weaker then bears, and I short taking my chance just below the bar that did not react to the double bottom bull flag , made 16.5 pips.
