TCS 4HR
Bearish BAT with Top Reversal is a two bar Sign Of Weakness. First bar is widespread up bar closing on/off the high with high volume supply swamping demand or low volume-no demand. The high and the close are higher than the previous few bars. The second bar is widespread down bar closing on/off the low on higher or lower volume than the first bar
AS second bar close & low are lower than the first bar low, on volume higher than the first bar volume, it shows effort to go down is successful and if second bar high is higher than the first bar high it shows additional weakness. It shows immediate weakness (Effort vs Result) & can be traded immediately on first No Demand or Up-thrust.
POTENTIAL SELL
AS second bar close & low are lower than the first bar low, on volume higher than the first bar volume, it shows effort to go down is successful and if second bar high is higher than the first bar high it shows additional weakness. It shows immediate weakness (Effort vs Result) & can be traded immediately on first No Demand or Up-thrust.
POTENTIAL SELL
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