The 5 phases of each are explained and shown why it is so important to understand and be able to read the market structure and where to start buying the dip have a plan rather then DCA till you pocket is empty.
No one can analysis precise market bottom.
Phase A:
Sign of weakness but demand is dominant, increase volume wider spreads. (no reward to effort)
Phase B:
Secondary testing of highs, Movement in trading range, support area more prominent.
Phase C:
Upthrust more signs of weakness.
Phase D:
LH and LL, More evidence of probable direction of the market, Main support broken, Last point of supply good place to short.
Phase E:
Folding of the downtrend, any rely will be weak and AFTER THAT YOU KNOW THE DRILL.
What I see this would playout till first week or near second week of December then we'll see how it goes.
Range to Range as always.