Category:MBRS

Major bear surprise, only 30% chance of bull trend reversal. Example: 20221129. See more on MBLS.

Context on HTF for e.g. daily chart could be an important factor to consider. For e.g. on 20230727, daily chart is overbought and is due for correction, bulls will take profit at new high and strong bears will initiate their shorts, both sides are waiting for the best price to sell. With this being the context, if 5 mins has MBRS or consecutive MBRS like 44 and 46 on 5 mins chart, that is a reasonable good opportunity to trade the breakout.