Must the ZOI BB overlap with the Setup bar to be valid #4?


#1

Here is a screenshot of a #4. The ZOI is on the BB, but it does not overlap with the bar range of the setup bar (SUB) with LVS & Star.

Is this a valid #4 setup, or must the ZOI on the BB overlap with the SUB range?

The setup occurred in the dark period, there was an obstacle and other reasons not to take the trade.

But the question is whether the setup is valid when the ZOI BB lands below the low of the SUB, as in this case, or above the SUB high when the SUB closes down.


#2

Yes the bar should overlap so this would not be a valid signal. Great question!!


#3

Can you click on image and post the long link so it will show in the forum. Thank you for posting.


#4

Thanks for the answer, that would also help explain why this particular setup failed.

I edited the post, removed the screenshot hyperlink and added the long link. https://www.screencast.com/users/Tooearly/folders/Jing/media/475f03a1-cea9-4fa2-8dbf-bba1ebca789b

Does it look OK now?


#5

Odd atill not showinh