macdulio3

Midnight Magnet & The Firestarter Add On

2 findings here.

#1: The Firestarter may cause a quick rejection or a hugging period (AC/DC)

From the first contact I measured 37, 26 and 23 pips of a coast. Stop loss / re-hedge 40+ pips beyond.

#2: The Midnight Magnet marks up an acceleration starting point. This point serves as support that catches the counter move temporarily.

The one on the left got tested 3 times before it gave way. The bounce was 28.5 pips at its highest.

The one on the right was also tested 3 times. The bounce was 33 pips from the acceleration point.