Category:BLBCOH-XL

Huge BLBCH. A BLBCH is that significantly larger than the past average bars, for e.g. bar 47 completely took out 4 consecutive bear bars 38-41 on 20230512. Question: if the bar turns out to be a BLTP, but bears failed to go down for a MM based on the size of the HBLBCH, instead found support not too far below the low of the HBLBCH, for e.g. forming a wedge bottom and reversed back as seen on 20230512, what are the odds that the reversal will go for a MM in the direction of the HBLBCH? On 20230512, this exactly what happened, 78H was pretty much exactly the MM target based on the size of 47.