SPX500USD M15 Not Perfected Setup

Spoken about the not Perfected Setup… where the highest of the sixth and seventh candle It’s not superseded by the highest of the eighth or ninth candle.

So you can expect that in the next 3 to 5 candles, the Setup high (Also, the highest of the sixth or seventh candle) should be superseded before retracement proper.

They noted in this chart that the purple box should be broken into and above.

Let’s watch the demonstration…
Note
Took a tad longer but it did what it should do.

And there was also another instance later in the day...
Chart PatternsTechnical IndicatorsSNPS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) tdsequentialTrend Analysis

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