No need to rush imo After a move this big, it usually takes time anyway. > In uptrends, people fomo in after large moves and get chopped, even if the market eventually goes higher. > In downtrends, even if the bottom is in, people still get chopped by time-based capitulation. Rarely do we see instant sharp reversals after a move like this. Let the market form more price action → react, have a plan (with invalidation), and take it slow.
especially if you are in a bad place.... take it slow.
Not saying the bottom is in or not, don’t really care. But it is a key level zone (local range low, plus close to previous macro range high) I'm watching. I’ll just wait for a base to form: a base with entry triggers at the bottom, tight invalidation, and a local trend break or breakout at a key level. Could also be that we had the first drop, form a base here at the range-low demand, and then get a second drop into the previous macro range-high support to form a base there. Don’t know. I’ll just wait, react, and not drown trying before that. Few hindsight examples:
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