COUNTERMOVE
9 May 2016 By PDSNETA period in a price chart showing movement opposite to the direction of the prior time period. Also called a "retracement" or sometimes a "counter trend". It has been well said that "nothing moves in a straight line in the markets". Every upward trend is broken by a correction and every downward trend is broken by a rally. From the minute-to-minute intra-day moves to the grand super-cycle, all trends are broken periodically by retracements - so much so that technical analysts often regard a correction or rally as a "healthy" pause in the trend.
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