Most of us here are trading or attempting to trade the minor waves which is known as day trading , we have had a good run up . of course eventually the bull runs out of steam the reversal bear comes fast and furious, some here are swing traders and the reversal is the ideal opportunity for them to profit.
Making the distinction between the two is one of the key points in trading imho, of course not all swing reversals are good and both day trading minor waves and swing trading the larger degree waves must always be taken in the direction of the larger degree wave itself , the point im making is that the bears got lucky today on that swing reversal as the larger degree wave was and still is up.
If the shorter term trend resumes im a buyer for sure
Making the distinction between the two is one of the key points in trading imho, of course not all swing reversals are good and both day trading minor waves and swing trading the larger degree waves must always be taken in the direction of the larger degree wave itself , the point im making is that the bears got lucky today on that swing reversal as the larger degree wave was and still is up.
If the shorter term trend resumes im a buyer for sure
Follow The Markets Structure - Patience and Discipline
