Technical analysis
Pullback
A pullback is a temporary counter-trend dip before the main move resumes.
A pullback is a temporary counter-trend dip before the main move resumes.
In an uptrend, a pullback often offers a better entry than buying at the top. Many traders wait for this dip toward a support or moving average to enter at lower risk.
After a strong rise, price dips for 3 days toward its moving average, then resumes: that was a pullback.
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