Bull Reversals (Bear Rev.)

Front 1

1. there is strong bull reversal (large body, no tails)

2. follow-through bars are at least of average size

3. spike grows 5 to 10 bars without pullback

Back 1

4. bars with a low near the close of prior bar occur

5. bars with open above the close of prior bar occur

Front 2

6. small or non-existent upper tail

7. context makes reversal likely, e.g. test of broken bear trendline

8. first pullback occurs after 3 or more bars

Back 2

9. first pullback last 1 or 2 small bars

10. first pullback does not reach reversal point

Front 3

11. spike goes very far and breaks many levels such as moving average, prior swing highs/lows, trendlines

12. reversal bar when forming grows mostly near its high and has small pullbacks

13. there is a sense of urgency, waiting for pullback to buy that never comes

Back 3

14. signal is the second attempt to reverse (second signal)

15. reversal began after failed trend channel line break

Front 4

16. it is reversing significant swing high/low (e.g. breaks below prior swing low and reverses up)

17. high 1 and high 2 pullbacks have strong bull reversal bars

18. trending anything: opens, highs, lows, closes

Back 4

19. pullbacks are small and sideways

20. prior breaks of bear trendline

Front 5

21. pullback testing bear low lacks momentum (many overlapping bars)

22. pullback testing bear low fails at moving average or old bear trendline

23. reversal reverses many recent closes and highs

24. ---

Back 5

---