Similar setup is forming from the highs of the 2020 financial collapse in January where an initial breakdown was bought up, only to get rejected by an engulfing bear later in February... Is this Déjà vu or do we just keep climbing up the tower from here.. Only time will tell.
It's just a very simply version. Color even not very correct. I didn't write the price expand or other condition. It's welcome if other guys want to write a full version. If this kind chart is not from western. Then I think it's qianlong platform's indicator. (QianLong means Money Dragon) If you know the origin of tower line pelease comment to tell me. :3
U1 & D1 is for 2 bar break. main stick is always drwan by close & close If price is not u1 && d1 We use these rule. If price after u1 then stop to break we still color it blue but make it flat top. draw close & close If price after d1 and stopped break we color it orange. But the important thing is the color fill thing. We need to adjust the color and fill...
Previous I'v already writed something about it. I'v updated the detail in comment. In case you guys might not read it. I'm writing this new article Draw rule 2bar's range break U1=close>=close and close>=close ? 1 : 0 D1=close<=close and close<=close ? 1 : 0 Draw them with the color you like. U1->D1 or d1->u1 1st break. Fill the lower gap under the break to...