Bull breakout, then tight trading range, then bear breakout. A FBO pattern. TTR after climax has 50% chance of MTR.
Failed BreakOut. ➟ More about FBO
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.. 窄幅震盪。 ➟ More about TTR
Major Trend Reversal. ➟ More about MTR
