2B bottom/top

[wally_]

Quote from inandlong:



I wonder what the macd looks like then too.

Man, I love that mouse over thing.

I'm presuming the X line was drawn at the low of the bar considered the breakout bar. If that isn't correct, please tune me up.

That's correct for the breakdowns, and I presume that you mean the false breakout bar. For the breakups, you would use the high of the false breakout bar.

 

[wally_]

You can also use trendlines for timing your entry in this setup, it's particularly easy to go short or long when the TL is retested on a pullback.