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Three Pushes versus Three-Leg Pullback
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Three Pushes versus Three-Leg Pullback

  #1 (permalink)
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Three Pushes versus Three-Leg Pullback

Hello,

This is my first post, so I cannot attach the chart for clarification.

I am reading the first book of Brooks' series "Trading Price Action Trends". In chapter 3, Figure 3.1, he called bar 7 was a wedge bull flag because it was the third push down from the bar 6 high.

In my opinion, since there was an uptrend from bar 2 to bar 6 before the first push down, can I call this Three-push countertrend move (a wedge bull flag) as a "Three-Leg Pullback"?

Thanks


Last edited by mercyman; August 10th, 2012 at 08:14 AM.
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  #3 (permalink)
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mercyman View Post
This is my first post, so I cannot attach the chart for clarification.

Yes you can, you just can't embed charts from third party services. You can attach them.

Mike

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  #4 (permalink)
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There is a thread for this book here:
https://futures.io/traders-hideout/15577-book-discussion-trading-price-action-trends-reversals-ranges-al-brooks.html

Better to use that existing thread instead of a new one, to talk about that book or Al Brooks.

Mike

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