I probably should have asked what timeframe you were thinking about, before I answered
You can trade a bounce at anytime if you are nimble for sure (which I call a supply vacuum, or in the Wyckoff lexicon an Automatic Rally (AR) ), just use an intraday or shorter term timeframe. And note that the highs of the AR often help to define the top of a new trading range and/or the creek.
Just be nimble........and take profits when weakness is seen.
I was taking it for granted, that you were thinking about a swing trade or longer, after some sort of climactic action.
And while there might be a climactic event, generally only really massive climactic action sees a 'V' shaped recovery, whereas usually it will usually take a bit more work over time mopping up supply, and shaking out any supply from above, that is willing to sell (for a loss).
