I think you got me wrong then.
I was referring to the new candle....(big red one)
It broke and closed below the previous day's low, so thats technically a breakout, with a some sort of downside bias.
I'm merely stating, that for this candle (big red one) to prove the presence of a valid downward momentum, retracements (bullish candles) for the next few bars should not exceed 50% of the bearish candle (big red one).
I was referring to the new candle....(big red one)
It broke and closed below the previous day's low, so thats technically a breakout, with a some sort of downside bias.
I'm merely stating, that for this candle (big red one) to prove the presence of a valid downward momentum, retracements (bullish candles) for the next few bars should not exceed 50% of the bearish candle (big red one).