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== General == | |||
Approximately Ten Bar correction with at least Two Legs. ''TBTL can be used in either in a reversal trade or with-trend trade.'' | |||
=== ''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>'' | |||
=== ''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.'' | |||
[[File:20221213pap.png|none|thumb|594x594px|[[20221213]]]] | |||
Another example of 10 bars correct is on [[20221215]]: | |||
<references /> | <references /> | ||
[[Category:Trends]] | [[Category:Trends]] |