https://www.youtube.com/watch?v=S9b7hwEzMSk&t=1080s
computer will buy a break above the high, looking for a measured move up
and this after 10 bars, about 10 bars, [so if if broke out and then went for that stop, that would lead to a lot of selling] and 10 bars is 50 min or about an hour, since Brooks trades on the 5 min most of the time now
watch the 18th bar, breakout of the 18th bar range, 90% chance it's not going below the low, will either be trading range or breakout day after breakout of 18th bar, 90%, so you'd want to buy not only selloffs at that point but also ... well, it's probably going to be a trend day so buy for that reasons too,
Training in the market will come back up here at some point later in the day. And then the other kind of breakup pattern that I look for, on the open is the breakout of the first 18 bar range bar, 18 is right here, a couple bars before that reversal bar.
If the market breaks above the high of the 18 bar range, which it did 90% of the time. It's not going to fall below the day. 90% of the time. These either going to be a bull trend day or a training mage today, 10% of the time, it's going to reverse down below the low and then become either a bear day or trading range today.
And why is that important?
Well, you know that around bar 18, 90% chance, we've seen either the high or low of the day and therefore around bar 18 of our 16, 17 18 19, 19 or 20 if the markets near the high and it reverses down traders are going to sell bedding. That this will remain the high of the day.
And the opposite is true. If our 18 is near the low, the day traders will. Look to buy a reversal up, taking a chance that it becomes the low the day and we make a new high.
With a fail breakout above, the 18, bar range. And now we have a break off below the 18 bar range. At this point, 90% chance, we're not going back up here, and therefore traders are going to sell and sell rallies. Betting that, either the day will remain a trading range today, or a bear trend day after the fail.
Breakout about the high end today in about yesterday's high, and the fail breakout of the 18 bar range. And then you see the very strong reversal down like this. Chances are, we're going to get some kind of a bear trend day, maybe a measure move down based upon the height of this initial range.
Beer breakout, 90% chance, we're not going back above this high, and that means that the day is either going to be a bare trend day or a training range day. In both cases, traders are going to sell rallies.
And this particular case, it's not breakup mode pattern. You can say well, we went up and we went down we did but the market never went below. The low of the first bar. Here, it did later in the day. Quite an nine o'clock, 10 o'clock. I don't think about it as a breakup mode pattern.
I want the breakup mode to be the first hour or two, not the 30th bar of the day. So technically you can say, well, reverse down from a new high and reversed up from new low and therefore, it's breakout mode and therefore you can sell the brake up below the range.
But that late in the day, I don't no longer think of it as a breakup. All day, I want the breakout mode pattern to last an hour or two, not three hours like this.
If the market breaks above the high of the 18 bar range, which it did 90% of the time. It's not going to fall below the day. 90% of the time. These either going to be a bull trend day or a training mage today, 10% of the time, it's going to reverse down below the low and then become either a bear day or trading range today.
And why is that important?
Well, you know that around bar 18, 90% chance, we've seen either the high or low of the day and therefore around bar 18 of our 16, 17 18 19, 19 or 20 if the markets near the high and it reverses down traders are going to sell bedding. That this will remain the high of the day.
And the opposite is true. If our 18 is near the low, the day traders will. Look to buy a reversal up, taking a chance that it becomes the low the day and we make a new high.
With a fail breakout above, the 18, bar range. And now we have a break off below the 18 bar range. At this point, 90% chance, we're not going back up here, and therefore traders are going to sell and sell rallies. Betting that, either the day will remain a trading range today, or a bear trend day after the fail.
Breakout about the high end today in about yesterday's high, and the fail breakout of the 18 bar range. And then you see the very strong reversal down like this. Chances are, we're going to get some kind of a bear trend day, maybe a measure move down based upon the height of this initial range.
Beer breakout, 90% chance, we're not going back above this high, and that means that the day is either going to be a bare trend day or a training range day. In both cases, traders are going to sell rallies.
And this particular case, it's not breakup mode pattern. You can say well, we went up and we went down we did but the market never went below. The low of the first bar. Here, it did later in the day. Quite an nine o'clock, 10 o'clock. I don't think about it as a breakup mode pattern.
I want the breakup mode to be the first hour or two, not the 30th bar of the day. So technically you can say, well, reverse down from a new high and reversed up from new low and therefore, it's breakout mode and therefore you can sell the brake up below the range.
But that late in the day, I don't no longer think of it as a breakup. All day, I want the breakout mode pattern to last an hour or two, not three hours like this.
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so ... buying closes, if there's a spike, with a gap down, then even if you buy the closes and it reverses, then it's likely that it will come back up so you'd just buy more lower and make more on what you bought from lower and get out at breakeven with the close you bought or the one you stop boughted in
Also take products and visual cell. Especially once there are three consecutive bars closing, either lows, there's no vocals. We'll give up which they did right here. Individual cells are at least to stop. We've got up here in a bar but then what came next? 14 seconds.
We've gap up here on Google Bar and also bar. But then what AX? 14, second bars, several closing points on either Lowe's
We'll gap up here and we'll learn off algebra. But then what came next? We have a gap up here in a good bull bar, and a follow through bar. But then what came next? More consecutive bear bars. Several closing below the midpoints of near their lows.
When you start to see three, four, five, six, bear bars, early in the day, even with the gap up, the eyes are the days. Either. Going to be a bear trend day or trading range, day and ended up as a reversal day which is a type of training day.
It closed near the open. So the daily chart, it's a big doji bar. The key point is, if you start using a lot of bare bars, early in the day, right on the open like this, even with the big gap up, the day is probably not going to be a trend from the open bull trend.
It's probably not going to be a bull trend date, it's probably going to have a swing down and then it could do anything and it swing down and reversed up. But you have to assume that these early bear bars are probably going to lead to lower prices. So the bears got a bear trend on the open.
By the third close. A lot of beers will start selling closes selling above bars, selling blow bars, betting that we're going. Lower thinking that all of these bear bars, make a bull trend unlikely and therefore, this is either going to be a bear trend or our bear leg and a training range.
And if you get a rally, it's probably going to come back down here because a training range is more likely than a boat trip. So rally is probably not the start of a bullfrog, it's probably a bulldog in a trading range and you're probably test back down here. So, the bear's selling here are confident they'll either make money or not lose money because if there's a rally, they can sell more, it'll come back to their original entry price.
They can get our break even on their first short and with a profit on their higher short.
Paramec wedge, you have a type of channel with three reversals up one pulled back to pull back, maybe three, And we got a big bear breakout, and then we have another parabolic wedge reversal up. One pulled back to pull back three and it's around yesterday's low and a very good bicycle bar.
I'm gonna look at this. I see consecutive bottom attempts. And second of complex, bottoms complex, because there are two or three legs in the bottom attempt parallel wedge, another parabolic wedge that has a high probability of leading to some kind of reversal. At least a couple legs up one.
Pull back into two turned on to be very big. As I said it's also a slightly lower low double bottom with yesterday's low the first reversal up from a tight channel probably minor. But if you then get a second reversal up, you have a 40% chance of a big bold trend, which we got.
So a higher low major trend reversal after the minor reversal.
Now, gap down and bear bars early on the bears like to see that because
And if you get a rally, it's probably going to come back down here because a training range is more likely than a boat trip. So rally is probably not the start of a bullfrog, it's probably a bulldog in a trading range and you're probably test back down here. So, the bear's selling here are confident they'll either make money or not lose money because if there's a rally, they can sell more, it'll come back to their original entry price.
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