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Big Down, Big Up creates big confusion and '''usually leads to trading range'''. ''But 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.'' | Big Down, Big Up creates big confusion and '''usually leads to trading range'''. ''But 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 [[ | ''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 [[20230207]], market is pretty much in TR.'' | ||