Category:BBLCH
Broad Bull Channel.
- Often contain trading ranges, i.e. most(90%) bars are also in TR. From TR perspective, it often has strong swings[1] and forms channels. Also since it is forming HL and HH, traders know it is also in a trend.
- Often last several days
- Broad bull channel is usually tight bull channel on higher time frame, if looking to buy and hold, better to just manage the trade on higher time frame chart. This is because traders should only be trading charts with about 100 bars on the screen, but it needs 200+ bars to see the broad bull channel[2].
- Sometime hard to tell it is in TR or in broad channel
- Price will fall far enough for stop order bears to make money, vice versa.
