Category:WT BLBO

Failed wedge top, or bull breakout above wedge top. Expect 2 legs up or MMU. Reasonable buy when strong BLBO bar and strong FT bar (at least a doji). Common in SPBLT. See also 分类:WB BRBO.

Hypothesis:

• If the bull leg that formed the WT is broader, it increases the chance that the BLBO will fail. Example: 20230914. Hence, the tighter the bull leg is, the more likely the BLBO above WT will succeed, example 20200408.