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I said SMALL
If we break that, tomorrow, we will try to find a retracement entry
Weak means the pair is weak going up because it did not reach the median line although it tried twice.
The median line is the oscillation magnet that keeps the direction consistent so not reaching it means that the oscillations are weak
Weakness implies a change in direction to the downside which has been evident.
A change in direction is considered a retracement until it proves otherwise.
Otherwise is related to timeframe. So the level which was broken on Friday did not cause a disruption in the bullishness on this timeframe.
As to why it bounced, I expect other reasons as well.
I am very systematic in my approach and i find that it pays well to be systematic
Thank you again
Also, we will look for a retracement on the daily to continue down
So being bearish does not mean we place an order since we are talking about the daily
Anyway, we are in wave 5 down, so I am expecting a retrace but i was expecting it at least after we reach WS2