分類:FBO DTBRF

Failed BO below DTBRF. Two important things:

• Strong bear BO attempt below the bear flag;
• Strong bull reversal attempt (to fail the bear BO);

On 20230406, 10-14 are the DTBRF after gap down and initial sell to 4 after four strong bull bars 6-9 (though all have prominent tails above). The bear BO attempt 11-12 (12 went below 11 a lot and used to be a strong BRBCL) and 14-15 were strong, because all of them were big bear bars, but 13 went above 11 the bear breakout bar, and 16 went above 15 the bear breakout bar, 18 19 bears tried to sell again but all bought by bulls aggressively, especially after 19 close, we can say the BO below the DTBRF has failed. Buying above 18 was reasonable because the risk is relative small; 19 was a big BLB and closed around its high and closed above EMA, that is a reasonable buy too.

15-18 was also a BO test of 6-9 bull breakout.