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Surprise Bear bar or big bear bar?
I am not sure exactly where this question should go, but was wondering if you guys could give a little help here.
I am having trouble identifying when there is a surprise bear bar vs not. I know it is a bar that is a trend bar, so closing either around its high or low. And of course it is a large bar. So if we get a surprise bear bar for example it is probable to expect a 2nd leg sideways to down. If I am missing something please let me know.
My trouble is knowing exactly how big that bar has to be. Differentiating between a big bear bar vs a surprise bear bar. Any insight into how you guys know it is a surprise bear bar and not just a big bear bar. Thank you
These kind of questions can't be answered without referring to a particular example because the answer depends on the context. If you post an emini chart, we can discuss it!
Thank you. If you look at yesterday (3/10) , there were several big bear bars closing on their lows.
Bars 11 and 12 were a surprise because 10 was a bad L1 above the EMA, yet 11 and 12 went far. Bar 14 was the second leg down and bar 15 was a Parabolic wedge reversal.
If you learn with the emini, check Al's bar-by-bar analysis in BPA site ( https://www.brookspriceaction.com/viewtopic.php?p=41645&sid=6ab8d9445112b63d569dac4fb857886f#41645) so you can compare with him and solve many questions.
Great thanks for the explanation. I was not using enough context to determine whether it was a surprise bar or not. Thanks that helps!