HMIN (gap down)
A weak first red WRB followed by a move below the OR. Candle 3 is a recovery and closes jst inside the OR, but has a long wick. Candle 4 is a red NR3 which opens and closes below the OR. Candle 5 is a inverted hammer type which also tries to gain the OR but fails and closes lower than the previous candle. This is our trigger.
Entry: 23.20 Stop:23.65
Fib Ext: 21.58
1R=22.75 2R=22.30 3R=21.85
After our entry the following candles show some promise as they form a narrowing consolidation at the lows. However later, it does not follow thru on the downside and we are stopped out for a loss.
FRE (gap down)
A first red candle is followed by a narrow red which is in the bottom third of the 1st candle. The 3rd candle is a weak candle which falls below the OR, it has opened at it's high and closed at it's low. This is our trigger.
Entry: 22.51 Stop: 22.85
Fib Ext: 21.66
1R=22.17 2R=21.83 3R=21.49
We take partial profits at Fib Ext and then close the rest as the 11th candle closes above the ema. You could argue a good case for closing the trade after the bullish 7th candle.
A green first but we cannot regain yesterday's low. The next candles are red and testing the OR. The 4th is a bearish red which breaks thru the OR and also closes at its low. This is our trigger.
Entry: 20.35 Stop:20.68
Fib Ext: 19.73
1R= 20.02 2R=19.69 3R=19.36
We take partial profits at Fib Ext and move stop on our remaining position to 1R where are stopped out a few candles later.