Replies to post #40192 on The TradingEdge

[jxyzobrien]

liquidation down move
its a short term flush based on news or events to catch traders
off guard and out of position. the move then turns up and returns
to the uptrend.

[jxyzobrien]

using multiple forms of TA
sometimes EW counts or even market profile do not completely
define normal market behavior.

Right now john bollinger reversion to the mean is the place to
enter the market.

Now for the 5th time this year reversion to the mean is to return
to the daily 50da ma.

chart below