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BT: A breakout test (BT) is a pullback to -1t to +2t of your original entry. Essentially, this means that the traders are re-affirming the original trade and the price is likely to continue in the same direction. BTs are an important indicator or trend continuation. BT is one of the rare places where you can treat a doji bar as a valid signal bar. | BT: A breakout test (BT) is a pullback to -1t to +2t of your original entry. Essentially, this means that the traders are re-affirming the original trade and the price is likely to continue in the same direction. BTs are an important indicator or trend continuation. BT is one of the rare places where you can treat a doji bar as a valid signal bar. | ||
TT: Trend termination. It is exit (but not reversal) signals. | TT: Trend termination, such as double top, TTR or weak reversal followed by weak A2. It is exit (but not reversal) signals. | ||
W: Wedge. Three pushes up with the third push overshooting a trend channel line or at least touching it. A reversal signal makes it a W reversal | W: Wedge. Three pushes up with the third push overshooting a trend channel line or at least touching it. A reversal signal makes it a W reversal | ||