- Aug 31, 2015
Db, here you say wait for a retracement to go long but in your SLAB pdf under Wyckoff and Auction Market Theory on page 63 in Crib Notes it says, When price breaks out of the range, either trade the breakout or wait for and trade the retracement. why do you say a long will not be taken until the retracement above? I understand a BO could always turn out to be a fake out and a retracement would be a safer entry. Am I misunderstanding something?