分类:TBTL

Approximately Ten Bar correction with at least Two Legs.

Just like in a successful bull trend reversal (MTR) (the probability of a swing up is usually about 40%), the general goal is 10 bars 2 legs, which means a swing that has at least Ten Bars and Two Legs (TBTL)^[1], it is also important to be aware that, even if the bull reversal fails, there is still the reversal tendency that bulls will try for 10 bars 2 legs, for e.g. on 20221213 during bar 15 to bar 26, it is a TTR at EMA but at the same time it is also a 10 bars two legged correction (though not clear), i.e. an attempt by bulls to reverse the selloff. Another way to look at it is, after a sell climax, there will be profit taking at major support, which also contributes to the correction, or possible reversal if both bulls and bears are on agreement.