Guideline 13. If a setup fails to take an opportunity to do something strong, the setup is weaker than it looked like
| Guideline 12 | Guideline 14 |
Look for signs of strength and weakness and weigh them to determine if they give you an edge. If you see the market doing something, assess how strong the setup is. Did it fail to take an opportunity to do something strong? If so, the setup is weaker.[1]
- ↑ 3/19/24 5:15:56 PM, for e.g. a big bull breakout bar just broke out from a wedge bottom and reached MA, if the follow through bar is a bear bar or doji closed below MA, it is a weak setup, bulls should have took the opportunity to create a good FT bar, at least closing above MA.