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Hey all,
I was just wondering why 47 is an Entry Bar on Wednesday, October 2.
My guess is that Bar 47 follows two doji-ish looking buy signal bars after a test of the open.
And, the specific entry point might be a stop order above Bar 46 for a Breakout of that bar (as opposed to a Buy The Close order after 46 closes).
On that same Wednesday, Oct. 2 chart, I was also curious why Bar 66 signals an Entry on 67.
My best guess on that one is that Bar 66 is a bullish Doji after Bar 65 failed to close below the 20 EMA and could signal a second, small leg up.
And, again on this bar, the entry could be a stop Bar 66 for a Breakout into the second leg, rather than a BTC entry.
Thank you for checking this out,
Ryan
You dont have that credible of a top, so a test back up makes sense. Tested OOD in what could be some kind of wedge, or FBO of a wedge. Often when a wedge fails you want it to accelerate down, but b42 BO immediately lost momentum, so he thought of it as possible FBO. However, these signal bars 43/45/46 still are not very good in my opinion (bunch of dojis), and as you can see it did quickly get stopped out.
Maybe 66 because ioi 64-66 BOM for trend continuation, but really Al doesn't mark dojis that often, I wouldn't focus on them.