Bear Retest of Channel. Anticipating a Higher-Low to form @ bottom of channel, then bulls to reverse up.
Counter Trend, but Strong Bull Bar on 240 Chart. Looking to Tighten stop as soon as possible. Not a lot of head room for profit.
It'll Go up, Then it Might Go Down. If it Reverses down to breakout, then Could be a Great Short. Market Inertia Would dictate that a Channel Up Will Continue For Longer.
Messing around with Bitcoin on the weekend.
The basic premise of Major Trend Reversals, From Al Brooks Video Series. I will be trading this way for a while.
Look at the reliability of bull signal bars on the 30 minute chart. Context must be correct to buy close of these bars... I won't buy a bull signal bar if market moves into tight consolidation or at top of range/channel (or bottom of range/channel if in bear market). Look for strong closes (no wick, close at top of bar), and you want close to close above...