If there are more faults with my trading, please feel free to criticize. Eager to learn. Thank You ahead of time!!!!
1198 - 1200 was almost the exact last target point for many (not just a few) timeframes downside projections. on 30-min and higher timeframes, a multiple leg drop and particularly last part in a channel points to continuation of the original trend which was up. i do not pick bottom, and the break above the down trendline / channel resistance points to the completion of the drop and that is the entry point to go long. afterall seasonal is bullish. all factors say long was coming and time to avoid shorts. just looking at the chart when it is dropping without context cannot produce useful projection / bias for use in swing trade.
soul when nite trading waiting for the 10 pm start watch the spikes, we were sitting in a 2 point range doing nothing but the volume spikes were mostly on the dips,telling you buyers were more excited than sellers,,that 2 point range gave little reason to enter long.or short,better off waiting for a better signal