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BTC - Nested Pullback

Pullbacks are simple patterns–perhaps the most fundamental pattern in trending markets. A market makes a trend move, pauses or pulls back, and then makes another thrust in the same direction. One of the strongest directional tendencies in the market happens on that leg out of the pullback; it is appropriate to think that the market is practically drawn to the target for the pullback, and there is a good probability of a clean move. The nested pullback occurs when the market makes a pause on that leg out of the pullback, looking something like this [Grimes 2014].

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closed second pullback, send it

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