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Hello,
I try to make a list of day types in BPA. The overall day structure.
Not sure if it is important in BPA, but here is what I gathered:
- Trend form open day
- Reversal day
- Trend Resumption day
- Trending Trading Range day
Am I missing some day types ?
Where to look for more knowledge? I got the books and the course, but I have hard time finding back about this topic.
Hi Ben,
Here are some I found so far:
- Trend Day: A day where the market shows a clear directional movement from the open to the close, with minimal pullbacks.
- Trading Range Day: A day characterized by back-and-forth price movement within a specific range without a clear trend.
- Reversal Day: A day that starts in one direction but then reverses to close in the opposite direction, indicating a change in market sentiment.
- Trending Trading Range Day: A day that combines elements of both a trend and a trading range, where the market trends in one direction but with more significant pullbacks, creating a series of overlapping price ranges.
- Small Pullback Trend Day: A variation of a trend day where the market trends in one direction, but pullbacks are smaller and more shallow, indicating strong momentum in the direction of the trend.
- Large Pullback Trend Days: Similar to small pullback trend days but with larger and possibly more prolonged pullbacks, yet the primary trend remains intact.
- Large Gap Day: Days that begin with a significant gap from the previous day's close, often leading to strong trending behavior as the market seeks to fill the gap or continues in the direction of the gap.
- Double Top/Bottom Days: Days that form a significant high or low early in the session and then retest these levels later in the day, possibly leading to a reversal.
Hope this helps,
CH
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BPA Telegram Group
Excellent, thanks.