We are now back to testing the low of the dump, which lines up with the down trending support of this pattern.
The bears still have complete control. In the video yesterday I highlighted some decent bull the last couple days that had caught my attention, and highlighted how the bulls need to prove strength to us with a high day and break of resistance.
Clearly this never happened, and no signals for bull entry were given.
The odds for another leg down are favored, and we are back to watching 4 hour resistance on any bounce attempt.
If looking we must be extremely picky and patient. Bulls who have tried time and time again to get in are just dwindling capital. I personally would rather miss the initial move off the bottom so I am sure the momentum as shifted, as opposed to continually trying to nail the bottom.