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There are 6 important points here.
(1) was expectable best definition is this
(2)-(3)-(4) is a tripple top even a slightly lowering ceiling. If I were a pro i would prolly short it around (4) .. since I am not my short 'd be 5 which is the daily trendline retest.. target just down to the range bottom or max 1x extension of the range.
Why this situation is interesting? Because it was a very rapid 3x extension of the range to the downside. A purely chart trade has all the neccessary ingredients... but purely on DOM it is just way too fast for me.
Anyway this is a pattern. it happens frequently, there are smaller versions and there are giant versions too like the CHF event last january.
What i am practicing is :
a) continuously add to the position to the bottom
b) stop and reverse at the bottom
c) play the bounce
d)be patient to play the retest of the trendline from (6) way back up to 4720
that is 4 different kinda trade 4 different kinda skill imho. Unfortunately i do not have a proper DOM replay tool where I could just mark 2 point in time and could replay and trade it over and over again until all the neccessary skills are mastered to perfection. SO I had to do this amateur record-replay-rethink thing.
thats the concept behind.
actually I completely missed this trade mostly because I was long GBPUSD from 1.42 and 1.43 ( due to a completely diferent reason) but was quite pissed seeing 100+ profit just vaporized in a few second. The point is that this is the kind of a situation where DOM is not really the proper tool.
I've been trading via the DOM about 6 months full time now. prior to that i used 1 month to just stare at it, and only watch a very few markets (FGBL/FESX).
I spent 1 month on the demo too, just to be very sure what i was doing.
Yes - but only if you watch them in real time. So it wouldn't matter if it was inside bid/offer or trades at inside bid/offer in terms of that information.
Just my opinion though.
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I will explain what i see, and what i trade off start next month. I'm too busy at the moment to also focus on attaching voice on the videos too.
bear in my mind, i'm no super-skilled 20-year in the bank trader, as Peter . But i've totally turned my trading around when i started to trade through the DOM. Prior to starting the DOM, there's market context, which is equally very important to understand.
Basically we wan't to look at charts because it's easy and convenient. but out of 10 people, how many are actually making a living solely trading off charts ?!?. I don't know it, but i suspect we must learn to read the inside market first before learning to look at a chart.
Just my 2 cents!...
Stay safe tomorrow - i will stay FAR AWAY and drink some beers .
. But i've totally turned my trading around when i started to trade through the 
.