Agreed, Still strong bullish sentiment, unless we see some new life time high,s. Market is waiting for new momentum OR may test your main support line. Thanks n Keep it up
Looks really interesting, Wicktator. I was wondering, how do you establish that the "Correction Broke"? In the 2nd case above, I can see that the 2nd "Correction Broke" happened when the bull candle broke above the diagonal trendline, above the consolidation zone, and after a preceding pinbar. In the 1st case, however, it is not so clear to me how you determined that the correction broke, as the diagonal trendline was not in place at that time, or was based on only 2 points. Was it based on the down-sloping consolidation zone that preceded the bull candle? Eyeballing it, seems around the 50% Fibo retracement level too. Sorry if this is too detailed a question, but I am keen to understand how you work out when a correction breaks. Thanks again for sharing your analysis.