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''A fH2 or fL2 pattern along may not mean anything, but combined with the correct context information, the patterns becomes a solid price action setup. For this setup to work, the best context is a sense of exhaustion. This is easy to understand, after the bull have exhausted and if they continue to fail twice, the market is likely to crash; if the bears have exhausted and they failed twice to get a new L, they will give up and the market usually breaks to the upside.'' | ''A fH2 or fL2 pattern along may not mean anything, but combined with the correct context information, the patterns becomes a solid price action setup. For this setup to work, the best context is a sense of exhaustion. This is easy to understand, after the bull have exhausted and if they continue to fail twice, the market is likely to crash; if the bears have exhausted and they failed twice to get a new L, they will give up and the market usually breaks to the upside.'' | ||
''In a | ''In a [[SPBLT]], the counter trend traders will constantly fail to reverse the trend. The 2nd failure usually gives a high probably scalp trade.'' | ||
== ''Where to look for the setups?'' == | == ''Where to look for the setups?'' == | ||