Bar 1 - 2 = "W" = bias long
Bar 3 an H1 but "W" not confirmed so invalid.
Bar 4 is an L1 but after a "W" is ignored
Bar 5 is a H2 and price has broken above a meaningful DWTL = long (approx 1:2)
Bar 6 is an L1 CTT after 2 legs up = no trade
Bar 7 is an H1 so is not traded due to low probability
Bar 8 is an L2 but after so little test of prior high is not valid.
Bar 9 is an H2 but price is now clearly in barbwire so is not tradeable
Bar 10 is a L3 that confirms a "M" so is valid = short (approx 1:1)
Bars 6 -10 = "M" = bias Short
Bar 11 is a H1 but is invalid after an "M"
Bar 12 is a L2 that broke an UWTL = Short (approx 1:-0.5)
Bar 3 an H1 but "W" not confirmed so invalid.
Bar 4 is an L1 but after a "W" is ignored
Bar 5 is a H2 and price has broken above a meaningful DWTL = long (approx 1:2)
Bar 6 is an L1 CTT after 2 legs up = no trade
Bar 7 is an H1 so is not traded due to low probability
Bar 8 is an L2 but after so little test of prior high is not valid.
Bar 9 is an H2 but price is now clearly in barbwire so is not tradeable
Bar 10 is a L3 that confirms a "M" so is valid = short (approx 1:1)
Bars 6 -10 = "M" = bias Short
Bar 11 is a H1 but is invalid after an "M"
Bar 12 is a L2 that broke an UWTL = Short (approx 1:-0.5)
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