High vol following a run down could be a fantastic place to consider TP or tightening stops. More aggressive traders (or people better than me) could search for CT bounces or signs of turns. I typically would search for signs of continuation and pause i.e. usually expecting trend to continue. 5 min only now signalling potential turn so wouldn't have considered the preceding CT bounces. image image
I search for arrangement on Dow also and that isn't suggesting buy yet. Had a DB and potentially another coming.

Not an expert at all on vol but know only enough to be harmful.