The next candle opens inside the wick of the rejection candle (The "U"). Immediately, price breaks below the low of the "U" candle (The "L"). This triggers a cascade of sell stops.
The magic of Part 05 is the synergy between these two concepts. btmm steve mauro part05 trading zone and rul top
Once retail traders are trapped, the "real" move begins in the opposite direction. 2. Rules for "Top" (Peak Formation High) Entries The next candle opens inside the wick of
“Trade the extremes, not the middle. RUL and RLL are your riddle. TOP is where trends are born, Wait for the hunt before you adorn.” or specific zones created by accumulation.
Combining Trading Zone and RUL Top
The "Trading Zone" refers to the area between the and Previous Day Low (PDL) , or specific zones created by accumulation.