Category:TTWT-LOPT

Tight wedge top, at the same time with lots of prominent tails and overlapping bars (LOPT). Sign of trading range price action, increase chance of more trading range price action to follow. See example on 20230831, the bear breakout from 33 was very strong, however, instead of hoping for a strong bear trend day, traders should be cautious about the market still being in trading range and the bear breakout was possibly a bear leg in trading range, especially when seeing the strong bull reversal bar 41 and 42. If traders are looking to buy, 41 and 42 are reasonable buy for swing up, especially bar 41 is also usually the time for MDR.