This page features questions I have that I want answered one day.
Immediate Secondary F.B.
Currently I follow a rule of: if there are 2 levels next to each other, always go for deeper level. Naturally some F.B will happen against the shallow level, and in this case its a no-trade.
But in the case of the chart below, its immediately followed by F.B against deeper level. So in this case... does one try to trade this? How can this secondary F.B be recognized as F.B and not See Saw in formation?
Contrast Against SPY
If SPY is set up for breakout, and an instrument looks like a strong candidate for a F.B, should F.B be taken?
3-Bar FB?
How does one trade 3-bar FB? Where to place the stop? Is this considered complex FB?