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Small pullback bull trend. Characters of SPBLT: <blockquote> | Small pullback bull trend. Most pullbacks are small and only last 1 or 2 bars. Probably buyers below prior bar. Characters of SPBLT: <blockquote> | ||
*''Tends to have at least a couple of BOs early in the day.'' | *''Tends to have at least a couple of BOs early in the day.'' | ||
* ''It is essential to realize that in a small pullback bull trend, the move is never quite as strong as traders want, so it causes traders to look to enter on pullbacks. So, while the market can appear weak, it is a tight channel which is a breakout on a higher time frame. [[20220317]]'' | * ''It is essential to realize that in a small pullback bull trend, the move is never quite as strong as traders want, so it causes traders to look to enter on pullbacks. So, while the market can appear weak, it is a tight channel which is a breakout on a higher time frame. [[20220317]]'' | ||