tag:blogger.com,1999:blog-252763673788048829.post6624204704060125503..comments2023-12-16T00:54:52.330-08:00Comments on Nine Transitions: Wedge reversals and W1Pcadaverhttp://www.blogger.com/profile/00205606370921389742noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-252763673788048829.post-69325510589104597812011-02-26T17:05:47.695-08:002011-02-26T17:05:47.695-08:00Another excellent post Cad. I have some ideas that...Another excellent post Cad. I have some ideas that I'd like to bounce off of you. Firstly b9 found support at the TCL from b47 & b72 the prior day. <br><br>B15 & b16 reversed in the hang over from b9's tail at the LOD (support). However b16 was a poor looking bar to enter above.<br><br>B20 & b21 formed a 2BR in the hang over from the tail of b13 and at the open. However I see that you took this trade anyway as an A22 & 1tf, well done!<br><br>If I draw a TL across b b38 & b43 and extend it as a TCL from b35, b46 is an OS. Is this valid?Royal Flushhttp://www.blogger.com/profile/10995681221559417759noreply@blogger.comtag:blogger.com,1999:blog-252763673788048829.post-70479315277441965172011-03-05T07:07:29.413-08:002011-03-05T07:07:29.413-08:00@RF, TLs and TCLs from previous days can act on to...@RF, TLs and TCLs from previous days can act on today and yes those would be valid reasons to enter. b16 had an upper tail but it was a small trend bar at the bottom of a larger trend bar and is usually an ok trade. But given the bear strength earlier, you should focus on the overall larger move so you can enter in the direction of the larger swing.<br><br>TLs and TCLs validity is proportional to their length. So yes its a valid TL and its a valid overshoot but if you are looking for a major reversal, look for a larger TCL. A smaller TCL can indicate ends of pullbacks for example.cadaverhttp://www.blogger.com/profile/00205606370921389742noreply@blogger.com