1 min chart- retracement level that confirms turnaround

[ikur1]

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

 

[Bint_Crusher]

A 1 minute chart confirms the square root of fork all