Pullback Low
The pullback low used for the fourth sell signal is not the low of a secondary reaction. The pullback is important to the setup but is not itself a secondary reaction. The key fourth-sell-signal level is the low of the pullback that occurr…
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The pullback low used for the fourth sell signal is not the low of a secondary reaction. The pullback is important to the setup but is not itself a secondary reaction. The key fourth-sell-signal level is the low of the pullback that occurred after the secondary reaction and before the breakout buy signal. After the secondary reaction, the setup requires a pullback lasting at least two days.