Category:ABR

Abrupt bear move without being followed by abrupt bull move. For e.g on 20230524, 24 used to be a strong bull bar at one time, but it quickly changed to a bear bar in short amount of time, if you look at 1 mins chart, there were 2 big bear bars quickly changed the 5 mins bar from a good looking bull bar to a good looking bear bar. It is probably a sign of most bulls taking profit hence not enough bulls buying until price goes lower, If you were long on 5 mins chart at the time, it is better to get out at least partially when seeing this happening.

2 big bear bars on 1 mins chart quickly changed the 5 mins bar from a good looking bull bar to a good looking bear bar. See bar 24 on 20230524.