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I am struggling with the concept of expecting a BO of the TR vs fading the top/bottom of a TR.
If I saw the 3 strong bear bars I would have expected a TR and mean reversion. However Al said that it is always in short by the close of the third bar.
Can you explain why it will probably get a BO and not be a vaccum test ?
I just finished 09A. I think you can get the idea from 09A pull back and bar counting video.
I have watched 9a,but still confused. I do not get answer,please tell me
If you are talking about the three bear bars where the purple arrow is pointing, then there is not enough price action visible to the left to know if a TR is present or likely. Al mentions this in the video.
