"It is what it is Department"Are we bottom here? that is the question today? the right answer will be what is time frame of your trade? lets look at my keep it simple trend following setup. daily, swing, and Intraday. we are at the transitional point of a major market trend change, multi-time frames analysis skill will be benefitial, especially this time arround.
A Daily trend following: Last buy failed. sit out, wait for a new sell setup to enter.
Swing setup: Dip will be bought, here too, wait for the buy setup to enter.
Intraday setup: Friday price action was so so. new swing low, it is bearish bias. I will weight heavily on how we open and where we open based on my Fibbo level here. same playbook, different day as usual. keep it simple, know where your money are and time frame of your trade.
Patience, React,and Don't predict. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.