Glossary:
With "Trend" Entries / Continuations:
BPB - Breakout PullBack
H2/L2 - second higher high or lower low in a pullback
2LPB - trend continuation after a 2 Leg PullBack
1PB - 1st Pullback after Trend Change
DBBF/DTBF - Double Bottom/Top Bull/Bear Flag
CHBO - first breakout of a trend channel, expected to fail and continue in the original trend direction.
Counter "Trend" Entries / Failures:
FBO - Failed BreakOut
TCLO - Trend Channel Line Overshoot
fH1/L1 - failed trend continuation after a 1 leg pullback
fH2/L2 - failed trend continuation after a 2 leg publlack
W - Wedge, basically a three drives failed breakout
3Df - Three drives at the end of a trend (failure of trend continuation)
Other Nomenclature:
2R - 2nd attempt to do something
IB - inside bar
TL - Trend line
With "Trend" Entries / Continuations:
BPB - Breakout PullBack
H2/L2 - second higher high or lower low in a pullback
2LPB - trend continuation after a 2 Leg PullBack
1PB - 1st Pullback after Trend Change
DBBF/DTBF - Double Bottom/Top Bull/Bear Flag
CHBO - first breakout of a trend channel, expected to fail and continue in the original trend direction.
Counter "Trend" Entries / Failures:
FBO - Failed BreakOut
TCLO - Trend Channel Line Overshoot
fH1/L1 - failed trend continuation after a 1 leg pullback
fH2/L2 - failed trend continuation after a 2 leg publlack
W - Wedge, basically a three drives failed breakout
3Df - Three drives at the end of a trend (failure of trend continuation)
Other Nomenclature:
2R - 2nd attempt to do something
IB - inside bar
TL - Trend line