A two-legged pullback is considered a high-probability setup when it occurs at a key entry point, such as the EMA or a trend line, and it represents the second entry opportunity after an initial move. The video emphasizes that the second entry is significantly more likely to be a winning trade compared to a first entry.
A two-legged pullback is considered a high-probability setup when it occurs at a key entry point, such as the EMA or a trend line, and it represents the second entry opportunity after an initial move. The video emphasizes that the second entry is significantly more likely to be a winning trade compared to a first entry.
The identification of a double top or double bottom resets the entry count. This means that even if you have already started counting entries, the formation of a double top or bottom requires you to discard the previous count and begin counting entries anew from the bar that formed the double top or bottom.
This video explains how to count entries in price action trading. The core concept is that markets move in pairs (two-legged moves or pullbacks), creating high-probability setups for second entries. The video demonstrates how to identify these patterns and correctly count entries in both uptrends and downtrends, emphasizing the importance of considering the most recent price action.
