No. of Recommendations: 0
Robert,

<<Lo likes to see "rest periods" of less than 6 bars in a trend to show that the trend is still strong>>

I know of several sources that state the pullback shouldn't take more than 6-7 bars, including Pristine, Farley, and Lo. If it goes on longer, Lo prefers to wait for a b/o from the new consolidation, as the chances of resuming the trend have decreased significantly until that happens.

nic
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