A variation on the 1-2-3, the 2B occurs when price briefly breaks a prior high/low (fooling breakout traders) but immediately reverses back inside the range. This is a high-probability counter-trend entry.
After step 3, buy with a stop just below step 2’s low. Trader Vic Methods Of A Wall Street Master By Victor
A Trader Vic disciple never argues with the tape. They adapt. A variation on the 1-2-3, the 2B occurs
While many trading books focus solely on chart patterns or complex mathematical formulas, Sperandeo (known professionally as "Trader Vic") takes a different approach. He focuses on the philosophy of speculation, the psychology of risk, and the rigid discipline required to survive in the financial arenas. A variation on the 1-2-3