A DEEP CORRECTION = a correction more than 25-30% within the consolidation period. Sometimes a stock might correct more especially in a volatile bear market. Deeper correction are more risky as they are more failure prone - use these ideas to put probabilities on your side.
The checklist 1. You want as much time away from that correction as possible (at least 1 year) 2. Many bases (iterations) on the right side (currently 3) 3. Explosive moves over the bottom💥 (currently +100%)
General Rules The bigger the base the more time you want. Always look to the left to see: - Where is the supply? - How much is the supply? (could use Volume Profile free tools on Trading View) - How is the stock acting as it reaches this supply? (Sharp pullbacks or controlled pullbacks)