Hi ST Sir,
Can you please also provide a reason on above opinion as would help to clear doubt and understand better.
Few posts below, i saw a discussion where it was fine to go short below low of a aggressive pivot in a down move ( SL as top of aggressive pivot ) and it looks a similar scenario here where we have multiple privots ( inside bars ) after a big down bar in the second short marked by Avad.
Thanks,
T2P
Can you please also provide a reason on above opinion as would help to clear doubt and understand better.
Few posts below, i saw a discussion where it was fine to go short below low of a aggressive pivot in a down move ( SL as top of aggressive pivot ) and it looks a similar scenario here where we have multiple privots ( inside bars ) after a big down bar in the second short marked by Avad.
Thanks,
T2P
Nothing against shorting a aggressive pivot, but the bars preceeding it decides whether this is a good place to short. In this case, we printed a bar which closed at the new low.....a strong bearish bar as a opening bar and the next bar is a bullish candle closing above 50 % of the bearish candle.....also a kind of failure of the pivot low breakdown.After that the market is going sideways so either we go long above the high of the first bearish candle ( if the MA and other thins permit by then ) or we short below the low of the bullish candle .....
I have no idea as to what happened after that but chance of reversal to upmove is strong based on the bar pattern and the fact that the move has already played out the earlier day...
Smart_trade