Once a trend is formed, it will not be quickly reversed. This is the most important understanding since doing chart analysis. I have said before that beginners' favorite thing to do is to buy at the bottom and rebound, but in fact, the profit and loss ratio and risk are completely disproportionate. The current market has neither reached the support level nor reversed the resistance level. Short term trading is even a textbook level wide channel for decline, and there is no reason to buy at the bottom