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Hi,
I was a bit confused while studying slide 10. A bad context situation is described. But shouldn't it be more specifically called "bad contect for trend resumption (up)"?
Two slides before (slide 8), good context is defined as "reasonable to expect a swing up or down".
Slide 10 is good context for a reversal, so a swing down, or am I wrong?
Thanks,
Marvin
You are right, it is bad context for bulls so good for bears to sell.