Category:SCBRT

Spike and Channel Bear Trend, which is a bear breakout followed by a pullback and then at least 2 additional legs down, often in a wedge bottom.

• if happens in TR, especially after a strong bull leg AND the overall context has been in TR (especially BDBU type of TR), it is more likely the SCBRT is a bear leg in TR too. For e.g: 20230308
• the spike usually starts from important support or resistance. For e.g. 20230308, the spike 29-32 started from BRN 4000 that has been S/R for 11 months.