Tuesday, March 3, 2020

Pullback Low/Rally High - Trading Glossary

Late in the afternoon on a trend day price migration against the prevailing trend. During the afternoon there is one inventory adjustment. On the next session the pullback high or low is used to see if there is any change to the previous day; if the pullback high/low is not taken out this shows no change in directional conviction and becomes support.

This is a trading glossary term series of blog posts. You can take a look at all the terms we post with the Trading Glossary label.

Also, visit our Trading Community to learn more about our indepth top down analysis process and trading methodology based on the auction market theory and other closely related nuances.

No comments:

Post a Comment