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''[[FBO]] below [[EMA]], a type of failed breakout, can setup a reasonable long entry when context is right. On [[20230515]], market had a [[SXFO]] then a good [[BLBCH]] bar 10 forming a reasonable [[ORV]] setup, there was no clear [[MSR]] around bar 9, but since 8 is a strong [[BRBO]] below EMA with 9 being a reasonable [[FT]] bar, bears were hoping to breakout below for a [[MM]] down, however, bar 10 as a good BLBCH formed a [[WB]] setup 2-6-10, then 11 closed as a stronger BLBCH and '''closed well above EMA, also above 6L''' the bar 8 bear breakout point, market is telling bear's attempt to breakout below EMA has failed, with a reasonable [[WB]], and 1-10 being a sell climax on the open, this is a reasonable ORV setup. If a swing trader did not buy above 10 concerning about the bear channel being too tight, they should buy above 11 with a little bigger risk but a little higher probability.'' | ''[[FBO]] below [[EMA]], a type of failed breakout, can setup a reasonable long entry when context is right. On [[20230515]], market had a [[SXFO]] then a good [[BLBCH]] bar 10 forming a reasonable [[ORV]] setup, there was no clear [[MSR]] around bar 9, but since 8 is a strong [[BRBO]] below EMA with 9 being a reasonable [[FT]] bar, bears were hoping to breakout below for a [[MM]] down, however, bar 10 as a good BLBCH formed a [[WB]] setup 2-6-10, then 11 closed as a stronger BLBCH and '''closed well above EMA, also above 6L''' the bar 8 bear breakout point, market is telling bear's attempt to breakout below EMA has failed, with a reasonable [[WB]], and 1-10 being a sell climax on the open, this is a reasonable ORV setup. If a swing trader did not buy above 10 concerning about the bear channel being too tight, they should buy above 11 with a little bigger risk but a little higher probability.'' | ||
[[分类:FBO]] |