todays action, page-39

rally point,

The problem with the "tests" you have pointed out is that they are in the wrong spot in the bigger picture. They are Testing the high volume bar below for supply - good- BUT the really huge supply is in that 4th August down bar just above.
For a really safe entry you really want to see the test ON TOP of the Aug 4 bar. Thats why I wouldn't look at it long until it claimed the CLOSE of that bar at the least and even then its higher risk because a: we still have most of the bar to get through and b: we still haven't broken our downtrend.
Generally in a downtrend we give more weight to our signs of weakness (upthrusts and no demand) than to our signs of strength (like tests) and vice versa in an uptrend.
If you are at the bottom of a downtrend channel, you will often see signs of strength come in on volume and you may even see it tested (as you pointed out) but often that just results in a temporary retrace to the other end of the channel or range. So thats why we are cautious before the downtrend is clearly broken.