[Neal]

Pivot, your entry would effectively be at close of the fifth bar in the box you highlighted, as the confirmation of the test for supply. It is confirmation because it is an up bar (price closed above the close of the previous bar).

When you wait for this 'test and confirmation' to occur, sometimes it does not, and price runs up quickly from your support level. Is this a scenario you accept, and look for the 'test and confirm' setup elsewhere or at another time or level of support or resistance?

When you wait for the full 'test and confirm' setup to occur, price will move away from support, thus increasing your risk and decreasing your potetnial reward.

When you have the initial indication of possible strength coming in on that wide spread, high volume down bar, do you ever enter at the close of that bar, and set your protection stop loss exits such that you allow for the possibility of a test?

I suppose if you considered entering 'early' on the high volume down bar, you could: 1) trade a partial position and re-enter the remainder on the test if it happened, or 2) trade a full position and have a quicker profit target for a portion of your position, and if the profit target is hit, adjust your stops to consider the possibility of the test and securing a break even trade.

I am interested in how you might manage this trade and what your experience has shown to be recommended.

Thank you.