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Hi,
I am practicing my H2/L2 pattern recognition and i just want to check is this labelling correct.
The first two i have labelled has H1 as the trend continued after and then the third H1 lead to a H2 as the pull back continued. Then i entered on the high of the signal bar.
Does this seem correct? Thank you
Hi Oisin,
Al mentions, that often there are different ways to count. In this case I would count exactly as you did.
Thank you for confirming.
I just thought this was a good scenario to get a second opinion on.
I see two H1s in that area. The first is the bull bar that goes above the bull doji at 11:15. The second is the bull bar that goes above the bear bar labeled H2. That series of bars between 11:30 and 12:00 can be considered a two-leg pullback and therefore a hidden H1 in that bull bar at 11:45 even though it didn't go above the prior bar. As Hardy said, there are often different ways to count.
Oisin here my take at it (could be wrong)
