TheRumpledOne wrote:How do you determine 1-2-3?
Joe Ross does it something like this:
1) moves away from the lowest low
2) makes a high extreme BO
3) makes a low extreme BO
4) there is a BO of the highest high to the right
of the lowest low.
These steps do not have to occur in order as in the
case of an outside bar:
The #2 point is not an entry, it is a partial take profit.