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Quiktdr
Posted : Monday, November 5, 2018 1:20:24 PM
Registered User
Joined: 10/7/2004
Posts: 794

Is there anyway to write a PCF for this set-up?

 

Price will make a swing low (point 1), retrace upwards to a swing high (point 2), where a downward correction begins. Price would then form another swing low (point 3), which is higher than the previous low (point 1). From this higher swing low (point 3) price then resumes the upward movement, thus confirming the change in the trend. A long trade is then entered when price breaks the previous high formed at point 2.

Bruce_L
Posted : Monday, November 5, 2018 1:23:19 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I cannot think of a way to do so, no.



-Bruce
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