Trading Pattern Dictionary / Support Line Bounce
Snapshot
Definition
AI Overview
A Support Line Bounce occurs when the price of an asset touches a support level and then rebounds upward, indicating a potential buying opportunity. This pattern is often used by traders to identify entry points in a bullish market.
Key Details of Support Line Bounce
- Goal: To identify potential buying opportunities at established support levels.
- Methodology: Traders look for price action that touches a support line and shows signs of bouncing back upward.
- Origin: The concept of support levels has been a fundamental aspect of technical analysis for decades.
- Market Impact: A successful bounce can lead to increased buying pressure, potentially driving the price higher.
Understanding this pattern can help traders make informed decisions about when to enter the market, particularly in bullish conditions.
Track this pattern in your trading journal
On TradeJournal.co, traders tag closed and open trades with this pattern label to connect setup names with real journal statistics: frequency, profit and loss, and post-trade review notes. The public Trading Pattern Dictionary shows community-wide aggregates on each pattern page (trade count, popularity share, and public P&L) so you can compare how often a behavior appears across the platform.
Use TradeJournal to filter your own history by pattern, build statistics dashboards, and spot recurring mistakes or edges—without relying on memory alone.
TradeJournal community statistics
Public trades tagged with "Support Line Bounce" on TradeJournal.co (38 traders).
Tagged trades
800
374 closed · 9 open
Dictionary share
1.27%
Of all pattern tags
Win rate
63.0%
235W · 138L · 1BE
Public P&L
-$11,169.49
Avg $-29.86 / closed trade
Similar patterns
Related labels traders tag in TradeJournal—same type or similar naming.
Support Line Break
A Support Line Break occurs when the price of an asset falls below a previously established support level, indicating potential bearish sentiment …
5 trades · 0.0%
View patternSupport Line Retest
A Support Line Retest occurs when the price of an asset falls back to a previously established support level after a breakout, …
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View patternTrend Line Bounce
A Trend Line Bounce occurs when the price of an asset touches a trend line and reverses direction, indicating potential support or …
28 trades · 0.0%
View patternsupport breakout
A support breakout occurs when the price of an asset falls below a defined support level, indicating a potential shift in market …
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View patternTrades using Support Line Bounce
| Asset | Symbol | Broker | User | Position Size | Entry | Exit | Type | Status | Trade |
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A Support Line Bounce occurs when the price of an asset touches a support level and then rebounds upward, indicating a potential buying opportunity. in the TradeJournal.co Trading Pattern Dictionary. It appears on 800 tagged public journal trades from 38 traders (63.0% win rate on closed public trades) . Use TradeJournal to tag your own trades, filter by pattern, and review statistics alongside your full journal.