Post
Topic
Board Trading Discussion
Re: Ways to identify the bounce ASAP after a significant correction?
by
mrkfdr
on 28/01/2021, 20:08:29 UTC
Hi,

I’m just wondering what are the best indicators / candlestick patterns / charting TA to look for when a 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 bottom wick with large incoming volume or something?

Thanks
 
To identify a dip using TA is like trying to predict an earthquake counting how many buildings collapsed on 1sq/mile,
you know only after it happened.