DislikedSonic, I understand you went long on the basis that volume on the dramatic move down seemed to be "stopping" volume.
Surely it was, but SM doesn't stop the price falling only because it has switched from bear to bull. It sometimes just supports the price to keep it from going further down so as to enter another "time of distribution" (as price is still in the big picture Distribution box on H4); a chance to take some profits and move prices up/down some more to bring in additional longs that it could not bring in if it had allowed the price...Ignored
Indeed.. could have been more precise entry....
It is scout.. and I have set my SL.. So Come what May.. Mkts will decide..
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Sonic