There we are. What a hell of a drop.

Patience has been paying off, but gonna hold off for a bit longer.

→ Macro:
- Still think we're forming a bottom stage.
- We're back at the zone where we took a lot of swings late summer.

→ Medium time frame:
- Not buying yet.
- Want to see a setup form first.
- In the end, it's simply a range.

Last June, our entry was the range low deviation, and I want a similar setup again.

But the reality is, while everyone screams and acts like they know how this will unfold, they don't.

In any case, the cleanest entries would come IF we at least take the lows of this range and deviate.

Will it be a quick deviation or even a sweep? Or will it be more of a time-based capitulation thingy following a deeper dip, maybe into the macro mid-range?

I don't know. Thinking the latter, but what I or we think is not important until there's a clear setup with good RR to bet on it.

I just know that holding off from buying the dip after the range high failed is paying off, and that the lower we go, the bigger the opportunity will be.

I'm not catching knives here. I'd rather wait for a new, clear setup to form with another entry trigger.

Will keep you guys posted on the price and any potential setups I see forming.

Stay safe.