Category:BDBU

Big Down, Big Up creates big confusion and usually leads to trading range.

• Occasionally can leads to a swing up when the timing and context is right, e.g. bar 55 to 65 on 20221216 was a BDBU pattern, but leads to a swing up at end of day, also end of week.
• BDBU applies to important events like FOMC as well, for e.g. on 20230207 there was an important speech by FED chairman at 12:40 PM ET, market had a big BDBU in the afternoon, on the following day 20230208, market is pretty much in TR.
• Sometime BDBU takes the form of many relative small but consecutive bull bars (BLMC) following many relative small but consecutive bear bars (BRMC), for e.g. 20230320.