Short excerpt from a trading-video transcript describing a simple price-action strategy in a downtrend: the speaker waits for price to trade into the 50% of a range and only takes a specific corrective move rather than trying to trade the full move against the trend, emphasizing risk-avoidance and selective entry.
Price is tumbling. Yeah. All I want to see is price trade into 50 of the range here and then 50 of this range. Yeah. And all I want is this move right here. Because at that point, even though the trend is. This is the trend, if this is going to continue to here, great. If it's not, it's most likely going to reverse from here. Yeah. Yeah. So all I need is this move right here. I don't need to trade from here to here because this is a risky move. Yeah. You know, And I don't need to try and grab this because this is fighting the overall downtrend that we're currently in. Yeah. Yeah. So I only need to do that.
