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''In a well-developed Trading Range (that has at least 2 legs up & 2 legs down previously), a 2nd bear leg is the minimal requirement for bear exhaustion. Trading Ranges usually have 2-legged moves from one side to another. Experience traders usually wait for the strong 1st leg and scalp the 2nd. If, however, there have already been a 2-legged move to the bottom of the trading range, traders will be extremely cautious about taking another short. A fL2 is usually a signal that the bears might just give up.'' | ''In a well-developed Trading Range (that has at least 2 legs up & 2 legs down previously), a 2nd bear leg is the minimal requirement for bear exhaustion. Trading Ranges usually have 2-legged moves from one side to another. Experience traders usually wait for the strong 1st leg and scalp the 2nd. If, however, there have already been a 2-legged move to the bottom of the trading range, traders will be extremely cautious about taking another short. A fL2 is usually a signal that the bears might just give up.'' | ||
</onlyinclude> | </onlyinclude> | ||
[[Category:DWRETY]] | [[Category:DWRETY]] | ||
[[Category:NINETRANS]] | [[Category:NINETRANS]] |