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  • Price Action Setups

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    gato444
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    1 BEARISH PINBAR (PINOCCHIO BAR) Very long nose close must be lower than open of bar 2 Direction is down 2 DBHLC (DOUBLE high / lower CLOSE) Double highs bar 2 closes lower than bar 1's low Direction is down 3 BUOB (BULLISH OUTSIDE BAR) bar 3 must break bar 1 and bar 2's high or low to be a valid setup Direction is up or down depending on which side breaks which bar

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    1 BEARISH PINBAR (PINOCCHIO BAR) Very long nose close must be lower than open of bar 2 Direction is down 2 DBHLC (DOUBLE high / lower CLOSE) Double highs bar 2 closes lower than bar 1's low Direction is down 3 BUOB (BULLISH OUTSIDE BAR) bar 3 must break bar 1 and bar 2's high or low to be a valid setup Direction is up or down depending on which side breaks which bar

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    1K views1 page

    Price Action Setups

    Uploaded by

    gato444
    1 BEARISH PINBAR (PINOCCHIO BAR) Very long nose close must be lower than open of bar 2 Direction is down 2 DBHLC (DOUBLE high / lower CLOSE) Double highs bar 2 closes lower than bar 1's low Direction is down 3 BUOB (BULLISH OUTSIDE BAR) bar 3 must break bar 1 and bar 2's high or low to be a valid setup Direction is up or down depending on which side breaks which bar

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    2

    1
    1

    1 2 2

    BEARISH PINBAR (PINOCCHIO BAR) DBHLC (DOUBLE HIGH/LOWER CLOSE) BEOB (BEARISH OUTSIDE BAR)
    • Very long nose • Double highs • Bar 2 engulfs bar 1
    • Close must be lower than open of bar 2 • Bar 2 closes lower than bar 1’s low • Close of bar 2 is lower than open and
    • Direction is down • Direction is down close of bar 1, preferably two thirds of
    way down or more
    • Direction is down

    1
    1

    2 2 2

    BULLISH PINBAR (PINOCCHIO BAR) DBLHC (DOUBLE LOW/HIGHER CLOSE) BUOB (BULLISH OUTSIDE BAR)
    • Very long nose • Double lows • Bar 2 engulfs bar 1
    • Close must be higher than open of bar 2 • Bar 2 closes higher than bar 1’s high • Close of bar 2 is higher than open and
    • Direction is up • Direction is up close of bar 1, preferably two thirds of
    way up or more
    • Direction is up

    IB (INSIDE BAR)
    • Long bar 1, bar 2 (ib) is within bar 1’s length
    • Bar 3 MUST break bar 1 and bar 2’s
    high or low to be a valid setup
    • Direction is up or down depending on
    which side breaks first

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