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What about 2 bar double tops/bottoms

wilson's picture

I have been reading with interest your definition of price action, any 3-bar combination preceded and succeeded by aHL (bias up) or LH (bias down).  However, many times it seems that a bias change begins from a 2 bar double top or bottom sequence (see attached 3 min chart of the e-mini S&P) and not the 3 bar price action sequence.  How does this fit-in with your definition and more importantly your count?