If the daily bar closes near the middle, I'm labeling it a climax day.

That's when price dumps or pumps parabolic below or above the prior stride of the trend (one can draw lines connecting preceding adjacent highs or lows to find this) on a flurry of activity, then closes near the middle. Volume is high. Sentiment is extreme. Even the strongest hands and most hardened traders consider folding their positions. In reality the trend has all but exhausted its ammunition.

Also...

Bullwhale is back