分類:WT BLBO

Bull breakout above wedge top, i.e. failed wedge top. One major sign of strong trend like SPBLT.

• Reasonable buy when strong BLBO bar and strong FT bar (at least a doji), especially when market is trending. Expect 2 legs up or MMU.
• 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.

See also 分類:WB BRBO.