MAY 26.2015. Wait until 8 bars to see the 1st trend. Length of Bearish = 16 bars (approximate).
From 1 to 16 bars in details:
1st -> 8th bars = 1st trend
9th -> 10th bars = Open Position following 1st trend (cut loss/ hit stop loss)
10th -> 11th bars = 2nd trend
12th -> 18th bars = Open Position following 2nd trend
18th > more = might be following 2nd trend.
From 1 to 16 bars in details:
1st -> 8th bars = 1st trend
9th -> 10th bars = Open Position following 1st trend (cut loss/ hit stop loss)
10th -> 11th bars = 2nd trend
12th -> 18th bars = Open Position following 2nd trend
18th > more = might be following 2nd trend.