I have spent hours reading, accumulating and studying this thread, and I am only one-third of the way through it. Well worth the effort and my thanks to Anekdoten and all who participate and keep the flow of sharing and clarification going. One question
I have, that I have not seen discussed yet: when an up trend has been established by 2 HHs and 2 HLs, and you are at the possible second HL retracement looking for a 'strong bar' or higher closing bar for entry; if a low is formed on candle 1, but it is not a higher closing bar and it has a bit of a topping wick, then candle 2 closes, but not above the high of candle 1, then candle 3 closes higher than candle 1, but not higher than candle 2: the paint bar will not show candle 3 as a higher closing bar relative to candle 2, but it is a higher closing bar relative to candle 1, which is currently the swing low - is this a valid long entry?
Thanks for any insight or experience on this issue, and I apologize if it is addressed in a later part of this thread.