Bear and ID -- good stuff, much obliged.
There you have it; I did NOT know about the overlap being acceptable on smaller timeframes; and I can tell you that I am relieved to read your answers; especially about application in leveraged markets.
So many times I've just flat out rejected a count because I saw an encroachment and then ended up scratching my head for days as I concluded that there just could not be any other sensible count.
Would appreciate ID throwing in a chart example of an actual encroachment on a smaller timeframe, esp. if such occurred on the 4-hr.
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