If they don't scare you out they will wear you out. This is a perfect example of the quote. Bear markets are ruthless because they give bulls false hope. Only to repeatedly fail. Dollar-cost averaging with high leverage blows out account after account when this occurs.
When the breakout does come believe me it will be very clear on the chart.
What is happening is that the channel is expanding on the way down.hence you see minor breaks that keep failing.
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