/tf hit the overnight lows to the tick with a dragonfly candle -- price hit the lows but there was basically no volume there.
This happened even though bonds were red, euro was strong and quite a few Nasdaq leaders were green.
Taking the initiative and entering here instead of waiting for internals to shift was the correct strategy. The correct target was to look for a bounce to VPOC which is where /tf ran out of strength.
Sometimes -- in a strong bear market, it's better to initiate at support if there are signs of divergence already in place. Internals eventually strengthened causing a surge to VPOC. This was not an easy trade as it was definitely countertrend. However, mean reversion always occurs and this trade is merely entering /tf until it returns back up to the dominant trendline. Often the market gets ahead of itself and the correct trade will always feel slightly contrarian.
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