If we are considering counter trend we want over whelming additional information to consider, such as:
- Proven support/resistance levels.
- W pivots.
- Divergence on higher time frames.
-
Price action proving it does not want to progress for hours, double
tops/bottoms , higher lows/lower highs, evening/morning star patterns,
engulfing closes.
- Psych levels eg round numbers
In addition
to the right kind of price action on 15 min, double tops/bottoms ,
higher lows/lower highs, evening/morning star patterns, engulfing
closes.
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