Nice Analysis Snake.head,
Can you once post full forms of abbreviation used for better understanding.
Thanks
Can you once post full forms of abbreviation used for better understanding.
Thanks
1L,2L - 1 legged move, 2 legged move.
1PB - The first pullback in a day or the first pullback after 1Rev.
1Rev - The first reversal of the day. Also see OR.
A2 - A second attempt to reverse a pullback move near the ema. A second failed attempt to reverse the trend and therefore a continuation signal. If its too far from the ema it may not qualify to be an A2.
BO - Breakout. Price has moved beyond a price action barrier such as swing high, ema, trendline, etc.
BP - Breakout pullback. Price pulls back often back inside the price action barrier that was broken.
BPB - Breakout Pullback.
BT - Breakout Test.
BW - Barb wire. Three or more horizontal bars with at least one being a doji. Similar to TTR.
fBO - A failed breakout. Most first attempts to breakout fail.
FT - Follow Through.
H1 - The first time a bar ticks above the high of a previous bar in a down move. First attempt to reverse a down move.
H2 - Second time a bar ticks above previous bar in a down move after the H1 and fH1.
L1,fL1,L2 - Inverse of H1,fH1,H2 in an up move.
MM - Measured move. A 1:1 move expected due to certain price action. For example, price is likely to go 2 points above a breakout bar thats 2 points long.
OR - Opening Reversal, A reversal after a trend move attempt in the first hour.
TTR - Tight trading range.Overlapping price movement that reverses back and forth after moving a tick or two beyond the previous attempt.
W - Wedge Three pushes up with the third push overshooting a trend channel line or at least touching it. A reversal signal makes it a W reversal.
W1P - The first pullback that allows an entry in the new direction after a W reversal.