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== ''Where to look for the setups?'' ==
''Here I will use the bull case (fL2) as an illustration.'' ''The minimal requirements to take a fL2 setup:''

* ''There must be signs of bear exhaustion or bear absence.'' 
* ''There must be two short trades that fail.'' 

=== ''Case #1: Trading Range'' ===
''In a well-developed Trading Range (that has at least 2 legs up & 2 legs down previously), a 2nd bear leg is the minimal requirement for bear exhaustion. Trading Ranges usually have 2-legged moves from one side to another. Experience traders usually wait for the strong 1st leg and scalp the 2nd. If, however, there have already been a 2-legged move to the bottom of the trading range, traders will be extremely cautious about taking another short. A fL2 is usually a signal that the bears might just give up.''
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[[Category:DWRETY]]
[[Category:NINETRANS]]
[[分类:Strategy]]
[[分类:Case Study]]