2. Every Market: always in either Trend or Trading Range
Last updated
Last updated
Breakout: high of the bar goes above the high of the prior bar.
Pullback: low of the bar goes below the low of the prior bar.
Bull trend begins with breakout.
Pullback results in a transition from a breakout phase (strong) of a trend, into a channel phase (weak) of the trend.
Weaker trend is still a bull trend.
Eventually, there will be a bear flag, it will turns into a trading range.
After the trading range, there will be another break out.
either a resumption of the bull trend.
or a reversal of the bull trend.
