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I have seen this rule mentioned in the encyclopaedia and in the daily setups, but not in the course (at least I don't remember seeing it).
The rule is (bull version): Two consecutive bull bars closing near the high, both closing above the EMA, the second body completely above the EMA = Strong bull trend likely.
See for example this screenshot from the daily setup of the 17th:
My questions:
- Do they have to be consecutive?
- Should only the body of the second bar be completely above the EMA? Does that mean the wick can touch or go below?
- Is this rule elaborated anywhere apart from in the encyclopaedia and the daily setups?
