- Changing of the Guard™ - COG
- Wide Range Body - WRB
- Narrow Range Body – NR
- Narrowing Range Bodies - NRB
- Topping Tail - TT
- Bottoming Tail - BT
1. Changing of the Guard Bar - COG
A Bullish COG is defined as three or more consecutive
red bars followed by a green bar.
A Bearish COG is defined as three or more consecutive
green bars followed by a red bar.
While there are different variations, the message is always
the same ! A reversal in momentum has occurred!
example Dark Cloud Cover, Piercing Pattern, Bullish Engulfing, Bearish Engulfing, Counter Attack Lines Thrusting Lines C
2. Narrowing Range Bars - NRB
A series of bars in which the difference between the highs and lows is
Narrowing.
While there are different variations, the message is
always the same ! A slowing in momentum is occurring!
3.Narrow Range Bodies - NR
Bars in which the body of the candle is small relative to the overall length
of the candle. They may have Tails on either side of the body.
While there are different variations, the message is
always the same ! A slowing in momentum has occurred!
4.Topping Tail Bars - TT
Bars in which prices had been higher, then supply forced prices
lower into the lower part of the bars range.
While there are different variations, the message is
always the same ! Distribution has occurred!
5.Bottoming Tail Bars - BT
Bars in which prices had been lower, then demand forced prices
higher into the upper part of the bars range.
While there are different variations, the message is
always the same ! Accumulation has occurred!
6.Wide Range Bar - WRB
A Bar in which the Candle Body is relatively wide compared to the
most recent bars .
A Wide Range Bar after a period low volatility ignites momentum in
that direction.
A Wide Range Bar after an extended advance or decline typically
happens near the end of a move. An NR or NRB will signal the turn.
all are best setup for trader remember my point
ReplyDeletethis setup is improve your trading lifestyle
ReplyDelete