1 min chart- retracement level that confirms turnaround

ikur1

Newbie
9 0
Hi all,

I'm just wondering if a retracement that's gone too far making breaking thru a certain "level" would be confirmed as a turnaround forming a V shape on the chart

qs: at which level in the retracement such that when it breaks that level we can be confident the V shape is coming

eg. price in a downswing and if it retraces and breaks up 30% of the down move we would be happy to go long

thoughts? thx people
 
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