Friends, just wanted to get opinions here. In general, when do you think a breakout has had a successful pullback. Lets say you break a low on 1hr chart, and the one hour shows a gap bar (low of prev bar and high of next bar dont overlap). Would you consider that to be a breakout that hasnt had a pullback or even if the pullback is visible on a 1min chart (or even a tick chart) its deemed to be a successful retest ? Hope i'm clear in what I'm asking here :smile:
CL break of the low from Monday 8/22 is shown in the attachment - 1hr, 5min and 1min. It was a gap bar on all those timeframes. If there were overlapping on 1min or 5min chart but not on 1hr chart, would you still consider this a breakout with a successful restest or not ?
thank you !