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The other systematic approach to know where the pull back is likely to take over is usually
1. Wait and observe after strong move either in uptrend or downtrend
2.identify key areas such next or previous resistance or support ( or demand and supply zone)
3. Look at candle pattern ( rejection wick candles , engulfing candle
4.use technical aproch like fib levels 38.2_ ,50 or 61.8 , or use pivot points such Camila or fib ( I prefer mostly pivot points while I day trading) other prefer combination of moving average
5. Advanced & recommended🎉 ( check for volume profile , usually when there is low volume and no sign of adding up, market tend to pull and range in that zone ) tools to use- anchored volume, fixed , volume profile , heat map & delta
I conclude by suggesting don't try so much to predict where the next pull Back will happen instead try to position your self to capture the next strong move .
NB: Q& A .YOU CAN NOW SHOOT DM TO ME DIRECTLY ASKING FOR QA QUESTIONS I WILL ANSWER
