How to differentiate a PBC from a not yet -PBC?

Feat. Datamatics

Question: Is this a valid PBC off the 50-ema ?

Answer No. For a valid PBC, we need a “Pivot low” (in most cases. There are exceptions).

{Question: which are the cases where we can have a PBC without having a Pivot low?}

Need a HH-HL..on a lower timeframe. Which then appears like this below (in correct). We have to have a swing low, a “pivot low”.

Screenshot from Swing Trading by David Landry

Whats happens if this candle comes tomorrow?

There will be no pivot low..

But if this comes, then we will have a “pivot low” & so it will be a PBC.

Thank you for the attention to this matter.

~End of Masterclass~

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Miscellaneous section:

PBC candle is the conditional probability that when it occurs, increases the probability of a upswing an order or Magnitude.

Like, Would Alexander Isak be the top scorer this season ?

vs

Would Alexander Isak be the top scorer this season if he signs for Liverpool?

Or like,

Would it rain today?

vs

Would it rain today in Manchester?

You get the drift.

Cheers…..

GGMU