#TATip Swing Failure Pattern
Seeing a lot of traders use/abuse this pattern lately, thought I'll put up a small primer.
Index:
i) Premise
ii) Identification
iii) Trading (Entry/Stop)
iv) Miscellaneous
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Not bad R/R if you used the previous swing high for an entry
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Great thread!
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This is a very powerful observation.
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Sorry what is sfp
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Great thread...the only thing i'd add is cut the trade if you don't get an immediate rejection and price starts consolidating near the previous high (or low)
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Thanks to
@EmperorBTC I've been studying your stuff for the last few days. I wanted to confirm I understand your entry technique. -
Price wicks up on H4 or 1D. Forms an SFP. Then you enter on the candle close of that candle? Or the following candle?
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