This is exactly why you need to wait for the blue Buy signal dot

BTC corrected further and this is exactly why you always need to wait for that blue Buy signal dot when using the Hash Ribbons indicator.
The bright green dot showed recovery but the Buy signal did not appear yet which means downside, and even heavy downside, is still possible.

So I am still patiently waiting for that blue dot before entering my long position.

Always trade carefully!