NorthWest Biotherapeutics Inc (NWBO)

[hankmanhub]

If the trend is down and there is a rally (minor high), there is a possibility that it could continue upwards hence miss the ride. In this case if you're compelled to buy, you could put a stop loss at the minor low to avoid a bigger loss. Trading against the trend is a risk.

Sure, except that at this point you do not yet know this is a "minor" point yet, as you do not yet know what future direction the chart will take.

Correct. We have to wait for confirmation so one does not trade until confirmation to reduce risk.

So how long do you need to wait for "confirmation"? What in fact constitutes "confirmation"? What if the "confirmation" gets undone shortly afterwards? Are you always going to be uncertain about the validity of a "confirmation" because it might get undone shortly thereafter?

There are also other TA indicators one looks to in figuring out the likelihood of a bottom. So it's not all trend lines which is but one tool in the arsenal of trading.

OK. So what are the two other top TA indicators you would look to first? So besides internal "confirmation" from the trend lines, you would look for further confirmation from the other TA indictors. Do you insist they agree before you act? Or will you act on the basis of just one of them - and when would that be?