[quote=Ray_1;65495]Hi jimmy,
How many times must a s/r, trend lines fibo levels or pivot points be tested to be confirm as a potential bias?[/quote]
We all have our own ideas about this sort of thing Ray. These differences make a market. For me I am still short from the start of last week and aiming for 8100. I would need much greater evidence to go long than short if I was looking to establish a position. So a retrace back into the test area you have highlighted could be enough with a classic James type entry signal, say an IB. If we get to 8100 I will probably lighten my position but would then want something like a double bottom and divergence or a higher low to tempt me long. Remember you wont always get it right. It took 3 attempts for me to establish this short and on the strong up day a week ago I took a long position which of course was ultimately doomed. So you just keep watching and working out for yourself what sort of confirmation of intent you are looking for
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