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....
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gj, agreed. you need confirmation of a turnaround to mark a...
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