Queries from every breakout slide

Hey Zurarath,

hopefully i read your question right.

I am right that you ask if the 3 bulll bars after the big bear bar, the BO Bar, are a possible Pullback?

If Yes, the market tryed to BO from the Support/ the Bottom of the TR. The big bar did not close under the support line, the BO possible will fail, because it was weak and i reality it didnt break under the TR, the bar only break out of the trendline. Watch for follow through, the followed bar was a weak follow through for the bears. And the 3 Bull bars formed these three bars tested the BO from the Trendline if you extend the line more to the right. But B3 from the bull bars was a weak Sell SB. So not a good sign for a Short trade. But this 3 Bars were a PB and this PB failed with the Next the 4th Bull bar after the big bear bar.

If you compare the lets call it Bear BO ad the Bull BO from the 4th Bull bar, you can clearly see the difference in strengh. So a second Leg in form of a channel after the PB is likely.

Is this a Pullback Channel or TR:

It is all of this three if you ask me, it was a Pullback from the Spike up. Every PB is a TR & until the H1 the markt was in a Bear channel.

But the most important after a spike up like this a PB comes with the next or next few bars no one knows but a PB follows or a pause bar. 

Best regards

thank you

so for the first question, the follow through bar after the bear OB was weak it did not close below the support and the next 2 bars (pullback/TR bars (3 bars including the doji bar) tested resistance, and the following bar broke out of the resistance.

for the second questions, it can how we interpret the price, no specific way to define because like you said every PB is a TR and it can be a channel or a pause.