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"It is what it is department" what is time frame of your trade will be the priority at this junction. we have a change in trend, in its early stage, fearful and weakening momentum. BUT...first thing first, Buy/Sell until it fails no mater what time frame of our choice, stick to what works until it doesn't.
Short term momentum and internals, nothing to see for bulls.
Daily trend following setup: this dip will be bought, RSI >30 = trigger buy entry with a stop at the recent low. simple stuff.
Swing setup: this one is ugly with LL, but by my rules, it's also entering buy zone setup, same entry setup, RSI >30 will trigger buy entry.
Intraday: Friday closed with a negative price action, I would expect more weakness into Monday, at this points I will also participate in a reversal, since the bigger time frames are in gear to buy. same playbook here if it continues down, trade well, Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.