Hello
First down candle on back of a sequence of 8 bull Candles in a row on Daily BNF chart.
For my swing trades I do not consider it is a start of a decline on the very first red candle, this rule helps me stay out of many whip-saws.
No such restrictions on intraday trades, from the very first candle BNF is clearly in short territory for intraday.
Cheers
::thumb::
First down candle on back of a sequence of 8 bull Candles in a row on Daily BNF chart.
For my swing trades I do not consider it is a start of a decline on the very first red candle, this rule helps me stay out of many whip-saws.
No such restrictions on intraday trades, from the very first candle BNF is clearly in short territory for intraday.
Cheers
::thumb::