Guideline 33. Again, countertrend trade needs strong setup

出自BPAX Lab
Guideline 32 Guideline 34

Any reversal setup is a good reason to take partial or full profits, but the setup has to be strong if you are considering a countertrend trade. Since 80 percent of reversals fail, it is far better to view each top as the start of a bull flag and each bottom as the start of a bear flag.