Those reacting to the market’s first reaction are making the same mistake again. Rebounding from the bottom of a range is perfectly normal. That alone does not mean an uptrend has begun. I still don’t believe the danger has passed. In fact, I expect a slight further rise before the lower boundary of the range is broken. That’s why my plan is clear: If no selling emerges from the first red zone, there’s no issue. If they push prices higher and take it into the second red zone, that’s where my real interest lies. Most people look for long positions when they see a rally. I, however, look for where liquidity is concentrated. The market most punishes the impatient. Entering a trade before a structure forms is simply turning yourself into liquidity. I’m not in a rush. Just as I short from the top, I also go long from the bottom. What matters isn’t chasing the move—it’s waiting for where the move is likely to go next.

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