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This is in reference to the buy signal bar that Al talks about at around the 2:35 mark.
I'm struggling to understand the difference between situations where a trend is 'always in' versus climactic. He calls the bear trend climactic, but it seems like the type of example where you could sell the close of every bar. Am I wrong on that? Are the bars in the bear trend not strong enough for that?
I found myself thinking okay that's a big bear bar closing near its low, I would sell the close of that bar. Then the next bar is the one Al highlights as a buy reversal, so assuming I did sell the close of the prior bar, would this be a situation where you would cut your losses immediately on the short and just reverse your trade to long at the close of the buy reversal bar? Also, is my analysis of the bear leg way off and should that never have been a short entry to begin with at that point?
