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Why is buying above bar 68 not a recommended entry ?
Context. The market transitioned to a TR, and had been showing TR PA since around B30. The bulls finally got above the MA, after which you could expect a retest of the day's low before another reversal attempt.
There were two legs up - B55-57 and B62-66. Bulls sold at the top and so did bears (B67), which could have formed leg 1 of 2 in a TR. So buying above B68 could mean you're buying high in a TR.
The ioi that you marked is in a tight TR. So it is more a sign of more sideways trading than a buy signal
68 is a high 1 after a strong bearbar. Better to wait 2nd leg after bearbar 67
