Post
Topic
Board Trading Discussion
Merits 1 from 1 user
Topic OP
How to identify the bounce ASAP after a significant correction?
by
jdn_ldn
on 13/01/2021, 15:34:01 UTC
⭐ Merited by CryptopreneurBrainboss (1)
Hi,

I’m just wondering what are the best indicators / candlestick patterns / charting TA to look for when the support bounce occurs after a significant dip.

I was in short positions on both Sunday and Monday during the big BTC correction and obviously there were points where they were significantly in profit. However, I held on too long and closed after the bounce. I still took profit but feel I could’ve “taken the meat of the trade” a lot better.

What do you guys look for? I guessing this is perhaps best done using the 1m (or similar short timeframe) and looking for a big green wick?

Thanks