#MarketRebound
WHAT IS A Bounce In Trading?
In simple terms, it is a pattern that includes sequentially: 1. asset price fall to the support line;
2. touching the support line;
3. reversal and price growth from the support line.
Initially, bounces meant buying from the support line. But today the term is also widely used for selling from the resistance line (mirror pattern). In this article, we will consider bounces as a setup for buying, but keep in mind that everything written is also true for sales - only in mirror image.
