$MU Near-Term Bounce Signal vs Broader Bearish Trend
$Micron Technology(MU)$
$MU spent 2 months distributing to retail.
Big players don't sell into panic.
They sell into your confidence.
This is why we said buying $MU wasn't a great idea
Been bearish on $MU for a month.
Called the pullback to $320.
Now our short term signal is showing a re-entry.
Historically this setup has a 70% win rate.
If $MU is going to bounce, it's right now
That said, I am not taking it.
Here is why:
I did not profit on the previous bull cycle.
Taking the bounce now means I am chasing the tail end of a move I already missed.
That is not how you trade a system.
You take every signal or you take none.
The moment you start picking which ones feel right you are no longer trading rules.
You are trading emotions.
We have no idea which signal will be the winner.
That is why we take them all.
Since I missed the setup I am sitting this one out.
For those who are short term bullish this is where price needs to hold.
If $320 breaks I am expecting a move down to $200.
I am not touching this. But the signal is there if you qualify for it.
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