Forgive me for referencing charts from years ago! I’m am methodically and meticulously going through your treads, starting here, and learning your method of volume analysis.
Why wouldn’t you have entered on a break of the little red box? (I think that is the “automatic rally”???)
If that is a viable entry would you suggest putting a stop 10ish pips below recent low?
Is it better to wait for the “no supply” (sorry if that “no supply” is wrong term - I still don’t fully grasp nomenclature, yet!), like we see on the last candle of this chart. ( I also see a confirmation of the bottom, thus double bottom, with “stopping volume” on the second to last candle.
If the last candle is in fact a confirmation of “no supply” I assume the close of the candle is a valid entry and the recent low would again serve as a place to put my stop, of course 10 pips below.
PS I have read past this post further into the tread and still had this question. Ultimately it looks like I would have got stopped out in both situations above.