Category:TR SPBLT

Trading range, then SPBLT. The early trading range is where bulls and bears fought, if bears failed the fight and gave up, bulls took over, sometime there is a strong bull breakout, if so it will be obvious, but sometime there is very strong bull breakout, yet bulls keep going up, forming small pullback bull trend. When this happens, the TR has a lot of two sided trading, but the key thing to look at is that there are usually strong buying pressure at MA, i.e. strong or 3+ consecutive bull bars at MA, though it looks like a regular TRPA on the surface. The start of the SPBLT usually starts from a failed BRBO, for e.g. the failed BRBO 33-34 on 20231031.