What does " first relevant close " mean? How is it determined?
"there is a pattern breakout" What pattern??
" the zero-line" How is that determined?
How I see it
1- the dashed orange line goes to where bodies started closing below "something". Also nothing closed above the orange line so i believe those are considered wickdolls
2- You can roughly draw a 15 degree angle through the orange X's so thats the pattern that you want to short out of or come long into it
3- Z-line was explained as the 0-50% lines on a candle. The "first significant close" had stuff close above the 50% so scratch that but the 0% had nothing close above it so id consider that still valid
P.S. MO youve only make a handful of these play by play posts but I find them very helpful