Your method has proven correct since May...as it will in a strongly trending market after a capitulation phase. We'll see how well it works in other trading environments over time.
Every good trader uses all information to create a "holistic" picture before entering a trade. I was leveraged fully long in stock from March until May and made enormous profits from that. My bearishness since, expecting a retest of the low, has so-far been mistaken. It won't break me.
Congratulations on your call, hope you made money.
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