Core Concepts
Pullback Phase
Corrective movement against the prevailing trend
A pullback phase is a temporary corrective movement against the primary trend. It creates higher lows in uptrends or lower highs in downtrends. Understanding pullbacks is key for identifying entry points with the trend.
✓How to Recognize
- •Corrective price movement
- •Higher lows in uptrends, lower highs in downtrends
- •Temporary retracement
- •Lower volume than impulsive moves