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In Al's video, frequently says like this: strong bear breakout, 60% second leg down, 40% reverse up. same thing to strong bull breakout. my question is, the market could be neither down nor up, i.e., sideway, so what is the percentage of side way?
In my opinion, 60% down already include sideways. 60% sideways to down.
Thanks!
Al says 60% chance of 2nd leg sideways to down (Bear BO) and sideways to up (Bull BO)
Let's say we have a couple of bull bars with close near to its top and strong enough to be bull BO, and finally we have a bear bar (Pause), we expect the 2nd leg sideways to up 60-70% and a bull doji bar follows pause, and we have a sell-off
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That bull doji bar is the final rally (2nd leg) of BO
And as Al says, (''dojis are TR'')
Conclusion: after BO, the 2nd leg can be sideways or regularly a bull/bear leg
