IMO it is always better to leave bounces well alone in a down trend & wait for price action to weaken. If you sell into strength, then what would that achieve from a logical perspective? Not much, unless you get lucky. That's why I always propagate to sell weakening price action in a down trend & not the other way round.
Not sure if i got the direction right,but thats how i see it at the moment
IMO it is always better to leave bounces well alone in a down trend & wait for price action to weaken. If you sell into strength, then what would that achieve from a logical perspective? Not much, unless you get lucky. That's why I always propagate to sell weakening price action in a down trend & not the other way round.
i sell in str and i buy in weakness.
i understand ur point, but thats more of momentum.
idk, i tend to play contrarian, and reversals.
to me, 36+ is logical for reversals. aint saying im full bear. im mixed as of now, from my previous posts.
if 36 fails. nx shld be 38/39 which i do agree with u.
i do expect resistance in this area, but i wont place my trades yet. maybe in 10 15 mins time, if price still around this level. aint sure.
gotta wait n see.
