Category:SX

Sell Climax, one or more big bear bars closing near their lows. Sell climax that needs 2 attempts to reverse up is a H2 bottom, if the bottoms are at about the same level and about 10 or more bars apart, call it a Double Bottom.

When the SX last only 1-3 bars[edit | edit source]

It increases the chance of a BRTP especially when it is followed by a strong bull reversal bar, in this case, market can immediately reverse into a bull trend especially if this happens on the open, as an ORV.

SX lasts only 1-3 bars, if followed by a strong BLBCH, especially on the open, the chance of a BRTP increases.

When the SX appears LATE (>20 bars) in bear trend[edit | edit source]

When 2+ biggest bear bars appear late in bear trend (>20 bars), exhaustion gap is more likely. At the close of 2 big bear bars, 50% chance the selloff has ended (which means the probability is not high enough for a scalp), 50% chance of one more small leg down. Only 20% chance of MG because of the extreme selling.