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Category:TBTL：修订间差异
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TBTL | TBTL, ten bar too legs. Approximately Ten Bar correction with at least Two Legs. ''Obviously, not every pullback is a TBTL correction, for e.g. the pullback during the early stage of a strong trend usually has very small pullbacks. Traders should expect TBTL correction when the trend has gone for a while, or late in the trade, where more bulls are either taking profit or only looking for scalping profit, and more bears are will to short, i.e. more TRPA, instead of a hoping for TBTL during the early stage of a trend, for e.g. the BO phase.'' ''TBTL can be used in either in a reversal trade or with-trend trade.'' 十棒两腿的调整. | ||
== ''TBTL in Successful Reversal'' == | |||
''Just like in a successful bull trend reversal (MTR) (the probability of a swing up is usually about 40%), the general goal is 10 bars 2 legs, which means a swing that has at least Ten Bars and Two Legs (TBTL)<ref>''https://www.brookstradingcourse.com/price-action/10-best-price-action-trading-patterns/''</ref>'' | ''Just like in a successful bull trend reversal (MTR) (the probability of a swing up is usually about 40%), the general goal is 10 bars 2 legs, which means a swing that has at least Ten Bars and Two Legs (TBTL)<ref>''https://www.brookstradingcourse.com/price-action/10-best-price-action-trading-patterns/''</ref>'' | ||
== ''TBTL in a Correction'' == | |||
''It is also important to be aware that, '''even if the bull reversal fails, there is still the reversal tendency that bulls will try for 10 bars 2 legs''', for e.g. on [[20221213]] during bar 15 to bar 26, it is a TTR at EMA but at the same time it is also a 10 bars two legged correction (though not clear), i.e. an attempt by bulls to reverse the selloff. Another way to look at it is, after a sell climax, there will be profit taking at major support, which also contributes to the correction, or possible reversal if both bulls and bears are on agreement.'' | ''It is also important to be aware that, '''even if the bull reversal fails, there is still the reversal tendency that bulls will try for 10 bars 2 legs''', for e.g. on [[20221213]] during bar 15 to bar 26, it is a TTR at EMA but at the same time it is also a 10 bars two legged correction (though not clear), i.e. an attempt by bulls to reverse the selloff. Another way to look at it is, after a sell climax, there will be profit taking at major support, which also contributes to the correction, or possible reversal if both bulls and bears are on agreement.'' | ||
[[File:20221213pap.png|none|thumb|594x594px|[[20221213]]]] | [[File:20221213pap.png|none|thumb|594x594px|[[20221213]]]] | ||