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3 Cards in this Set
- Front
- Back
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1. breakout bar has large bull trend body and small tails or no tails
2. spike lasts for several bars and breaks many levels such as moving average, prior swing high/low and trend lines 3. breakout bar when forming grows mostly near its high and has small pullbacks (less then quarter of hight of bar) |
4. there is a sense of urgency, waiting for pullback to buy that never comes
5. follow-through bar is large |
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6. spike grows 5 to 10 bars without pullback
7. bars with low at the prior bar close occur 8. bars with open above prior bar close occur |
9. bars with no upper tail occur
10. micro gaps occur |
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11. context makes breakout likely, e.g. resumption of the trend after pullback
12. market had several strong bull trend days recently 13. growing buying pressure in trading range (prominent bull trend bars) |
14. first pullback occurs after 3 or more bull trend bars
15. first pullback does not reach breakout point 16. breakout reverses many recent closes and highs 17. --- |
