gj, agreed. you need confirmation of a turnaround to mark a bottom with a combination of candles and indicators... such as the bullish percentage starting turning around. The 08/09 crash turned around when a positive diverge appeared on the bullish percentage. A good indicator imo...
note on the chart below how the simple target for the head and shoulders breakdown we just had actually overshot the target by a far bit. So I'm agreeing, look for targets but be prepared to use other indicators of course to make your entry....
xjo weekend zoomba lounge, page-97
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Last
7,655.7 |
Change
-24.900(0.32%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,680.6 | 7,680.7 | 7,643.3 |
| XJO (ASX) Chart |