newscalper wrote:The small daily bars on those charts are nonesense btw - broker displays a Sunday bar.
Sunday is irrelevant as you went long from Monday's low (Thursday's breakout); if you factor in Friday then the long was 4x more appalling.
If we are looking at shorts then we would look at the rise on the 20th, the wickdoll on the 23rd, and then to Sunday's extreme as a failure at that same price level.
A candle closing over something or 2+ day extremes, these are just general things to look for.
What matters most is your ability to think and to plan, to be flexible & not rigidly follow a pattern/prescription.
Where there is doubt be brave, where there is fear be certain, where you are wrong create a likely story; there is
nothing wrong with being an imagineer, all things spring forth from an idea.