Patterns › Support bounce
Market structure
Support bounce
Price fell back to a level that stopped it before, and bounced again.
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 21 | 38% | 48% | 14% |
| United States | 40 | 30% | 68% | 2% |
| Japan | 22 | 36% | 64% | 0% |
| Crypto | 396 | 32% | 53% | 15% |
| Forex | 44 | 32% | 59% | 9% |
| Commodities | 11 | 36% | 46% | 18% |
Counted on real past charts by the Trading Class research engine, 534 cases in all. Past odds, not a forecast.
How to practise it
Where is support? Then decide: buy, sell, or wait? In the app, 36 real examples of the support bounce wait for you across 6 markets, and you say what happened next before the chart shows you.
Lesson: Support: the floor.
Related
Resistance rejection · Breakout · False breakout · Gap up · Gap down