Why…….It's much cheaper than it has been very recently but where's the bottom?
A decent percentage of the buying will be punters looking for one pip due to the large pullback, it doesn't bounce so they add them back where they bought, nobody takes them so they chuck in the towel at minus a pip. It may bounce from here but ask the people who bought at 20 cents and were thinking the same!
The buy signal is retesting the low after the bounce.
Last One Out Turns The Lights Off, page-21
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