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DislikedOkay, let's get started from where we left off last night: Formation (also called price action): A formation consists 9 out of 10 times of 6 candles and can be seen as steps in a staircase. let's take the above screenshot as an example: {image} The count starts off from a recent low. We start counting where the color has changed and it ends with the entry candle. Take note that sometimes you will have to count in the candle just before the change to get to the final candle (6) which is the trade candle)Ignored
Disliked{quote} If you dont mine me asking, which candle are you counting from. and does the sixth candle need to be an engulfing candle?Ignored