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Dear All,
In the first chart AL is asking to go short after bear BO and FT.
I would like to ask as AL always says look to the left and when I look to the left I think we are going to form TR at the previous swing low. Because, I am seeing the bullish dominant feature so look this as a PB rather than change in the direction.
Kindly make me correct where I am wrong.
Regards
Harpreet
Looking for inputs over this problem.
Regards
Hi Harpreet,
Check out my 2c (attached)
Imho chances for this beeing a trap low in a TR would be higher if the "dominant" bull feature were a trend and not only 2 bull bars, something where bulls owned the market for more time. Like Wednesday and Thursday this week...
Thanks for the inputs
😊
