Do you know the meaning of different callback depths?

1-25%: Minor correction
This is a short-term profit-taking retracement, indicating that the bulls are very strong and the price is refusing to decline deeply. When this occurs, it suggests that the main upward wave is likely to continue, so you can hold on as long as the price doesn't break below, meaning the main upward trend is still ongoing.
25-40%: Normal technical correction
This is a healthy upward movement. After this retracement finds support, the price is likely to continue the original trend or even reach new highs. It can be seen as the first important buying point.
40-50%: Balance between bulls and bears
Neither strong nor weak, indicating that the buying and selling forces are temporarily balanced. If the price rebounds near this level, the market remains bullish. But if it breaks below easily, the bullish trend weakens.
50-60%: The watershed of the entire trend and the last line of defense
If it finds strong support here and rebounds, it indicates that the upward trend remains intact and is a key reference point for right-side trading. Once it breaks down effectively, a period of consolidation or decline is highly likely.
60-80%: Rebound is a chance to escape
The retracement is very deep, almost wiping out the entire gain, indicating that the upward momentum is exhausted and the bears are very strong. A rebound at this point is an opportunity to escape; don't foolishly try to bottom fish.
80-99%: The trend is completely over
It’s almost falling back to the starting point, so don’t cling to the old story anymore; wait for a new trend to emerge.
In simple terms, the shallower the correction, the stronger the trend; the deeper the correction, the weaker the trend.
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