Breakout Chasing After Missed Trade
consider this chart as an initial reverse-breakout - meaning that there was not a base setup at the additional reverse AND then there was no retrace-break2 to enter in this area on what would be an initial base setup --- in light of this situation was there then a setup to enter the buy swing without breakout chasing AND IF yes what-where were the setups?
yellow dot - blue dot1: yellow dot exit after the yellow circle initial reverse. after the exit i would have liked to be able to buy the initial reverse price test-reject with mex flow up - left channel blue line break2 failure break WITH the left side diagonal to trade through after the break --- the setup didn't occur AND still flat on the left yellow line breakout.
blue dot2 - yellow dot2: the blue dot buy if done would have been a right side reject-breakout into the 52t pmd high-left blue line double top. i considered trying the trade at this location into the breakout trying to partial WITH the clarity of the initial risk area - nothing was done. i never considered the yellow dot - which is nothing more than a high breakout into the 701.70 6-30 high as resistance AND around 20 ticks higher than the initial reverse price.
green dot: left-right blue line failure break as a pmd failure-continuation of the 701.70 price - it is this price failure that i believe gave the acceleration after the breakout = +701.30f -702.50 partial of 12 ticks even at this point --- it was not necessary to risk a breakout chase AND daily price pmd high-swing reverse to still get into the move - like the yellow line-purple dot going into sell AND without triggering the green dot buy.
