分類:BLBO-L20

Late Bull Surprise Bar, or Biggest Bull bar or bars (hence also BLBO) late in bull trend (over 20 bars) so possible bull exhaustion gap (EG).

• 60% chance of end of rally (or buy climax), i.e. exhaustion, especially after a H2 bull flag late in the trend (i.e. a FF)^[1]. Expect at least TBTLSD.
• Also 60% chance one more brief leg up and then end of rally, then at least TBTLSD..
• 40% chance of MG, like bar 37 on 20231110.

Many bulls will take profits and some bears will sell the close for a scalp. However, if there is good FT buying after the late strong bull bar, especially if the FT bar is big and COH, there is 70% chance of at least one more leg up.

See also 分類:BBRB20.