Things get easier once we get newer lows........new lows,bring the stops to previous pivot high viz,the HOD.
Once the new lows are reached,a few scenarios:
a.Closes weak........so bring stops down to HOD.
b.Strong move down and then back up........so we have a bottoming tail nrb.....so bring stops down to HOD.
c.So strong a move that it made back the entire loss and put on some gains as well.......wow,then Lucky/Smart us in bringing the stops down to HOD.
Saint