Master these eight phrases and avoid ten years of detours 1. In an uptrend, buy the dips 2. In a downtrend, sell the bounces 3. In an ascending channel, dips are bear traps 4. In a descending channel, bounces are bull traps 5. Support levels, prolonged defense will eventually break 6. Resistance levels, prolonged attack will eventually break 7. High-level consolidation means distribution 8. Low-level consolidation means accumulation