ib to NW

Question 1

ib

Answer 1

Inside bar, the high of the bar is at or below the high of the prior bar and the low is at or above the low of the prior bar

Question 2

ii

Answer 2

Consecutive inside bars, Breakout Mode, so both buy and sell signal

Question 3

iii

Answer 3

Three inside bars in a row, Breakout Mode, so both buy and sell signal

Question 4

ioi

Answer 4

Outside bar surrounded by Inside bars

Question 5

ioii

Answer 5

Consecutive inside bars after an outside bar, Breakout Mode setup so both buy and sell signal bar

Question 6

L

Answer 6

Low or Low of Day

Question 7

L1

Answer 7

One legged PullBack in a bear move

Question 8

L2

Answer 8

Two legged PullBack in a bear move, but it can also be a 2nd reversal down from a rally (variation of a double top)

Question 9

L3

Answer 9

Three legged PullBack in a bear move, which usually means a wedge bear flag or a wedge top

Question 10

L4

Answer 10

Low 4 top or bear flag, 4 legged bull channel, often consecutive Low 2 pullbacks

Question 11

LH

Answer 11

Lower High

Question 12

LL

Answer 12

Lower Low

Question 13

LOD

Answer 13

Low of the Day

Question 14

LOM

Answer 14

Limit Order Market so easier to make money with limit orders than with stop orders. Bears will probably sell above and many will scale in higher, and bulls will buy below and many will scale in lower. Both expect small moves and will mostly scalp

Question 15

LOY

Answer 15

Low of Yesterday

Question 16

LP

Answer 16

Low Probability so swing only or wait

Question 16

MA

Answer 16

Moving Average

Question 17

MAG

Answer 17

Moving Average Gap Bar

Question 18

MDB

Answer 18

Micro Double Bottom

Question 19

MDR

Answer 19

Midday reversal is a reversal in the middle of the day, sometimes exactly at bar 40 or 41, and sometimes leads to opposite trend for rest of day

Question 20

MG

Answer 20

Measuring Gap, a gap of any kind that can lead to a measured move (only certain in hindsight)

Question 21

MGB

Answer 21

Magnet Below

Question 21

MGN

Answer 21

Magnet

Question 22

MDT

Answer 22

Micro Double Top

Question 23

MGA

Answer 23

Magnet Above

Question 24

MM

Answer 24

Measured Move

Question 24

MRV

Answer 24

Minor Trend Reversal so trading range or pullback more likely than opposite trend

Question 25

MP

Answer 25

Midpoint

Question 26

MTR

Answer 26

Major Trend Reversal

Question 27

MW

Answer 27

MicroWedge, a wedge formed by only 3 – 4 bars

Question 27

NL

Answer 27

NeckLine

Question 27

NW

Answer 27

Nested Wedge, 3rd leg is smaller wedge