Bottom is a two step process: 1) support 2) height of a bounce
When price hits a support, it provides defense and a potential bounce. Trader tracks the height of a bounce and confirm a bottom when a bounce gets a required height.
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Understanding a bottom in Technical Analysis:
Bottom is a two step process:
1) support
2) height of a bounce
When price hits a support, it provides defense and a potential bounce.
Trader tracks the height of a bounce and confirm a bottom when a bounce gets a required height.