PA was rising and in a range run with a bullish TL. The initial response was set target 1 at the long BOT (LB) and another at +2 to 2.5 above. PA hits the LB; so far the plan is working. Then the second trip to the LB and sellers began to appear-and signal!
You can wish, hope, think PA will continue to your targets. You may even be so married to the targets that other clues go undetected. That's where rules come into play. When in doubt, over eager, over whatever, the rules are intended to keep the playing field in check and balance.
- If the BOTs break, expect a BO-5 run
- If the BOTs fail, PA is expected to run the range to the opposite value
B20 to 23 we see the FBO signals for the LB. If that was in doubt, PA ran the bullish trend line. Still waiting? Pa runs the Short BOT (SB) on it's way to BO-15. A +20 for those smart enough to follow the rules, and those LB seller.
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