Category:BLBCOH-XL

Huge BLBCH. A BLBCH is that significantly larger than the past average bars, for e.g. on 20230512 bar 47 completely took out 4 consecutive bear bars 38-41. Question: if the bar turns out to be a BLTP, but bears failed to reach the MM target based on the size of the HBLBCH, instead market found support not too far below the low of the HBLBCH, for e.g. forming a wedge bottom and reversed back, as seen on 20230512, are odds high that the reversal will go for a MM in the direction of the HBLBCH? On 20230512, this exactly what happened, 78H was pretty much exactly the MM target based on the size of 47.