Yeah 100%. Funnily enough, ive been doing a bit of work around the low being exceeded but not being stopped as you mentioned, mostly for trading on 24/7 markets intraday.
I used to completely trust a lower low, but I just feel its not the way to do things as they reverse way too much at the moment.
when it does setup as we are talking about here, it creates the possibility of a cheap entry, with an extraordinarily tight but confident stop level. It's pretty much the perfect trade, we are talking about 1:10-1:15 risk-reward trades at a minimum. It seems like this setup works out over 50% of the time, so its a pretty good scenario.
