Why buy the bear dump? Wait for the handle pattern.
Bear dump's are the freshest, but lets wait for the poo to cool first.
Recent setup:
Attempt to test the high fell short with a low vol top, resulting in a breakdown with expanding vol.
New support at 8700
We could see another impulse to 8500-8300, then a sideways channel that could break either way.
Should you buy or wait for better prices?
More aggressive strategy: preempt the handle bottom/channel 13 day handle (total 70 days since mid dec bottom) possible handle bottom on day 20 since the cup finished (mar 4)
You should buy this dip if: you believe the bulls are back, and we won't see 7K again, Want to add to existing position in the money Don't have any exposure
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