I believe that if my analysis are conclusive on more than one analytical base, There is no need waiting a confirmation. I better get in early and make a large stop to accomodate any stop hunt (Which may not happen at all). It affords me the previledge to be able to enjoy the benefits of early entry and most importantly it helps build my confidence as a trader. This is something every trader needs.
RSI support at -40 and formation of third consecutive flag denoted by the channels are enough indication of a terminating bearish trend
RSI support at -40 and formation of third consecutive flag denoted by the channels are enough indication of a terminating bearish trend