Ledge Top is 4 or more bars in tight trading range with the same high. 80% chance of breakout above and 80% chance of pullback below top[1]. Ledge usually indicates market is testing an important SR, in many attempts, traders should expect market to BO above and then PB to test[2].
Pullback. ➟ More about PB
Tight Trading Range, limit order market, bad for scalping with stop orders. Most traders should wait. Usually the bars are small and tends to reverse every 2 or 3 bars, but sometime the bars can be big, however if they still reverse every 2 or 3 bars, bad for stop entry traders, making it essentially still TTR, for e.g. the TR open on 20221115.. 窄幅震荡。 ➟ More about TTR
