I am suffering from some confusion regarding formations and laterals. If others are in a similar state of confusion, I hope the replies to this post prove helpful.
Let me start with what I (believe I) am clear on. The requirements for the formation of an FBP, FTP and SYM Pennant and laterals.
(FBP= Same bottoms with lower high on second bar, frequently a flaw; FTP= reverse of FBP; Sym = Outside Bar followed by smaller inside bar(s) that may or not be "centered" on first Out Bar; lateral= an Outside bar.
Questions
1. Is the above information correct?
2. Is a lateral the same as a Sym Pennant just that there is no official BO of the lateral until a break of its (the OB) exteremes?
3. To properly BO from any of a FBP or an FTP do we need a close outside the "flat" line or merely a break of either side of them?
4. To officially BO a Sym Pennant do we need a close outside the parameters of the second smaller bar or again just a break of its parameters?
5. Is there ever a second bar in any formation that is too big to draw boundaries around?
This should get me started. Any views on the subject would be mucho appreciated

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