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Saturday, December 1, 2012

BULLISH 2B PATTERN



2B Patterns are described as failed Double Top and Double Bottom patterns. They are most powerful patterns but work well in larger time-frame charts where as in small-time frames, they are only 50% successful.
2B Patterns form when price fails to trade above previous new High or below previous new Low(see also 1-2-3 reversal pattern). 2B Patterns also have very specific rules to trade.

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