#ReboundRally

Rebound in stock market trading: what is the essence

The “Rebound from the line” trading strategy is similar to other trading systems, but there are some differences. It is based on such basic concepts as support levels, resistance levels and medians - middle lines. This type of activity involves the use of the simplest graphic images.

A rebound in trading is a technical analysis pattern when there is a price reversal and its upward movement from the support level. The asset price first falls to the Support Line, then a reversal and an increase in quotes occur. That is, the term means recovery after a previous negative movement. The opposite meaning is a breakdown.