{quote} This one would not qualify. Mind that its all relative to strenght of impulsive move. The bull impulsive leg is not significantly strong compared to how deep the whole pullback retrace leg is. Often best is to aim for shallower retrace legs (in terms of HH- LL drop ) as that indicates that bulls are accumulating strongly, in this case the whole pullback leg droped too much overall, so the impulse bull leg would have to be very strong for this leg to be considered as play. Goes to what has been explained on some 10 or 30 pages back, the depth...
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ah okay thanks, I have read to page 160 or so until now, slowly catching up...
{quote} Nice trade zero dd. Did you see the drop after that tho. How crazy.
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From majority of setups presented on this thread, those drops are often there, basically you have squeeze move and then a complete counter move with full correction, and the reason why that happens is that especially setups such as supply takeouts (condensed ones) or heavy short squeezes are basically liquidation events, so once order flow is liquidated usually there isnt enough new fresh order flow to sustain the price at the level that it reaches, so the full correction sets in.
This happens in over 50% of setups, and on the rest that it doesnt happen a longer up-down trend is established after liquidation takes place.
{quote} From majority of setups presented on this thread, those drops are often there, basically you have squeeze move and then a complete counter move with full correction, and the reason why that happens is that especially setups such as supply takeouts (condensed ones) or heavy short squeezes are basically liquidation events, so once order flow is liquidated usually there isnt enough new fresh order flow to sustain the price at the level that it reaches, so the full correction sets in. This happens in over 50% of setups, and on the rest that...
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Yeah I guess that's why taking partial profits is necessary.
(binned per thread starter's request) Market bottom rotation trad
