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So we get the drop we wanted. But remember we are reactionary influenced by new variables and info. Because of a greater outside influence ( Jay Powell). Buy the dip does not work anymore. But how do we know that? The chart tells us everything. Patterns are everything.
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I'm a reactionary trader who uses a trading system to predict the market's next move. After the break out on Tuesday I was buying drops for bounces. Today I sold the bounce at up 43 on S&P expecting a drop.
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I thought we were bouncing when I saw that pin bar. The SYSTEM is a great teacher from the MASTER. I am no longer oblivious of what the market is doing. Thank you for teaching us. You greatly appreciated ❤️
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Do you think this weird buy signal was the clue to predict this drop? How being in a smooth down-trend we get a Big bullish move without any new or sign?