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There's info on BTC/STC in a few places throughout the course. My understanding is this requires good context + "2 consecutive trend bars" = BTC/STC !!!
Are the guidelines in this slide the standard for BTC/STC at any time of day or just the end of day?
- 2-3 bars to before confident of BTC/STC
- Usually reverses after 4-6 bars
- Check for a MM or other nearby S&R
Thanks! 🍸 🍕
I'd say any time of the day. Dax today, at the open, was a great example because it had a big gap up and then consecutive good looking bear bars with clear Targets below: ema, last week's high, Friday's high etc. If you look at past charts with big gap up you'll notice that this kind of sell climax it's not uncommon at all
I agree, those usually work great. It's more difficult to buy big gap up + 2 bull bars because you're expecting more sideways towards the EMA.
