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== ''Breakout in trading range'' == | == ''Breakout in trading range'' == | ||
''Ninetrans' article [http://ninetrans.blogspot.com/2011/09/price-action-basics-iv-trading-ranges.html Price Action Basics IV: Trading ranges, Trends, fBOs and BPs] studied | ''Ninetrans' article [http://ninetrans.blogspot.com/2011/09/price-action-basics-iv-trading-ranges.html Price Action Basics IV: Trading ranges, Trends, fBOs and BPs] studied this case very well, I am rewording them a bit here with some of my add-on comments to make it easier to read, but credits goes to Cad.'' | ||
''A breakout from a trading range is an attempt to create a trend and its failure is a move back into the trading range. A successful breakout leads to a trend. Similarly, a successful failure to resume the trend leads to a trading range. Today, b15 and b28 were failures to resume the trend and b67 was a successful resumption of the trend.'' | ''A breakout from a trading range is an attempt to create a trend and its failure is a move back into the trading range. A successful breakout leads to a trend. Similarly, a successful failure to resume the trend leads to a trading range. Today, b15 and b28 were failures to resume the trend and b67 was a successful resumption of the trend.'' |