Things that I look at. And if they're present, I think that the odds of a successful Break up in a second leg up will be greater. As I said, I want to look at the size of the bar. Look at the size of this bar. It's many times bigger than all of these other bars, that increases the chances that it's the Martin character of the market is changing.
We're probably going from a trading range type price action into a trending duration, a trending type of price action. So I want a big bull bar, compared to the recent bars, on a big bull bar compared to all the bars. On the screen, I want the bar to close on its height, and I wanted to close far above resistance, at a minimum power above the height of Or before in preferably for above all the bars to the left, which this
Surprisingly big bull bar. Who'd expect at least a small second leg up. Here are the breakup continue for a second bar. So it's a two bar brakeon. At this point, it's the third consecutive bull bar. So we're starting to get Bulls owning many bars in a row that increases the chances of I have of higher prices and then also this bar is so surprisingly big.
It's probably going to change the character of the rest of the day. Not just the next five or ten bars. So instead of Simply expecting a second leg up, This has a pretty good chance of leading to a trend. In other words dominate the entire day. So, this is a major type of bull, surprise dominate the rest of the day.
Not just influence the next five to ten bars. You get a huge bull bar like this, especially with follow-through. The odds are you're not going to be in a bear trend, you're probably going to be in a bull trend. The best appears can probably get is a trading range. So, when you get a big dominant bar or breakout like that, You expect more than a second leg up, you expect No bear Trend and then either a bull Trend like this or a trading range to the rest of the day.
When you have a bar that is exceptionally big like this. There's a 60 to 70 percent chance it will lead to some kind of a measure move up maybe a measure move based upon the height of this trading range. Maybe a measure move based upon the height of the body you open up the first part of the breakout to the close of the final part of the breakdown.
Here we have a two bar breakout. So whenever I see that I'm always immediately looking for a measure move from the open of the first floor, to the close of the second bar which is somewhere up here. And by the end of the day, the market, but near that measure.
You got near the mission of objective. This particular case it did not quite reach it. However, when I see that I'm expecting higher prices, chances are a bold friend. So I'm looking to buy for any reason, especially above any bull bar, closing, near its high about this bar by over here.
Well, that bar but this part any of these bars closing, the other highest but that far, any of these bars, expecting it to try to get up there by the end of the day.
So I call that by the closed bull Trend, you can buy the close Or better. Why would the stop above the high of any Boulevard closing honor near its high? This bull bar closing honor near its high, you need to get long, you know, this far might be above that high.
Because it's part of that's above that high. Bullmark, closing your side, you buy above its hig
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