Fishing for a bottom

• i re-initiated a discretionary swing long in the NQZ09 on wednesday at 1713.50 and this morning at 1677.25, for an average entry price of 1695.38...
• i am holding off on adding more due to 'BTD Index' and 'NDX 1st DOM' generating long entry signals for the NQ this evening...
• the NQ has carved out a series of lower highs and lower lows on the 15M chart shown above, as well as the 60M chart (not shown)....
• however, the 'BTD Index' chart of the NDX shows what i believe could be bottoming behavior:

• the 8 period ATR Volatility for the NDX is displayed in the lower pane of the above chart...it closed at 3.16% today...i placed a yellow circle at that 3.16% ATR Volatility level...
• i placed a green circle on each daily ATR Volatility bar that was also around 3.16% and saw the NDX close at or below the lower bollinger band (lower red line)...
• notice the last 3 instances (7/7, 8/17, 9/1) all bottomed that day or the next day, and then went on to make new swing highs...
• going back to the 4th (6/22) and the 5th instance (6/15), the NDX displayed different behavior: taking more days to bottom and not making a new swing high...
• we are only looking at 5 instances, so there isn't enough data to give us enough confidence to support a bullish, neutral or bearish view solely based on this behavior...however, i am open to the possibility that the NQ may find a swing bottom in this area...
• if this view is correct, then i have some NQ inventory to ride up...
• if this view is incorrect, i still have some more buying power to add to my long position as the NQ heads down...
• in any case, i am still bullish over the coming weeks and months...

Disclosure: Long NQZ09.

***remember this is an illustration of what i am trading and my thinking...it is not a recommendation for you or anyone else to buy or sell this or any other security...trade at your own risk***