A Fakey pattern can have a pin bar as the false-break bar or not. Fakey’s are a very important and potent price action trading strategy because they can help us identify stop-hunting and provide us with a very good clue as to what price might do next.
What exactly do the green and red backgrounds represent bro ? I could not fully understand
diamondwawa
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@Bisporusus, you need to look at the 2 bars before the green or red bar, they consist of 1 mother bar and 1 inside bar.
Next, green background indicates a bullish fakey --> this bar break the mother bar low, and close back between mother bar low and inside bar high. Gives you fake impression that the price will break downward.
Red background indicates a bearish fakey, --> this bar break the mother bar high, and close back lower between mother bar high and inside bar low. Gives you fake impression that the price will break above.
ICEKI
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Hello Khramov.Vladislav,
Very appreciated your efforts and generous =D
Sergey_R
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thx! awesome!
linus11
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Hello, how could you please add alerts to this awesome script ?
remaycom
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I'd like to get I private class to talk about how to set an entry after my inside bar. I want to set the code when the next candle after my inside bar breaks out the high of my inside bar.