Category:MBLCH-L20
MBLCH late (after 20 bars) in a bull trend. A type of late BLBO (BLBO-L20). MBLCH itself already is a climax, if it takes place in a bull trend that has lasted more than 20 bars, it more likely will become a climax than a successful breakout. The nature of this PA is similar to FF, it is better look for reversal setup instead of trend resumption. See also MBRCH-L20.
- On higher time frame, often biggest bear bar in 10 - 20 bars[1]
Look to sell when:
- the MBLCH-L20 itself is very strong, consecutive strong BLBs, no dojis or bear bars, which indicating more climactic buying
- the bear reversal bar is very strong, better a MBRS
