ib to NW Flashcards
ib
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
ii
Consecutive inside bars, Breakout Mode, so both buy and sell signal
iii
Three inside bars in a row, Breakout Mode, so both buy and sell signal
ioi
Outside bar surrounded by Inside bars
ioii
Consecutive inside bars after an outside bar, Breakout Mode setup so both buy and sell signal bar
L
Low or Low of Day
L1
One legged PullBack in a bear move
L2
Two legged PullBack in a bear move, but it can also be a 2nd reversal down from a rally (variation of a double top)
L3
Three legged PullBack in a bear move, which usually means a wedge bear flag or a wedge top
L4
Low 4 top or bear flag, 4 legged bull channel, often consecutive Low 2 pullbacks
LH
Lower High
LL
Lower Low
LOD
Low of the Day
LOM
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
LOY
Low of Yesterday
