|
Quote: |
|
 |
|
|
Didnt realize the candle pattern until you mentioned. I was actually placing this trade based on a pattern recognition through market profile. Range extension upside on news is likely to shift value higher. But will rotate near the upper range similar to a "P" profile (if u exclude the area before the breakout). This allowed me to place a counter trend trade anticipating price to rotate back down slightly (not a complete reversal) and to form a double distribution trend day.
|
|
|
|
|
Wow, I feel stupid after reading that.
I guess just seeing an inverted hammer for a quick pop is easier for me.