That is the line, the longer it takes to hit it before it bottoms. The deeper the drop, lower the price. It is as simple as that. You can look at any indicators, patterns, etc- but it really is as simple as that. Until it hits that line, any major upward movement is a bear trap.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.