Market pullback (market correction)🔥

#MarketPullback

Market Pullback - Summary:

Definition:
A temporary price decline in an uptrend.

Characteristics:

Short duration

Occurs in an uptrend

Usually bounces at support/MA

Causes:

Profit-taking

Negative news

Economic data

Opportunities:

Buying entry point when prices are discounted

Identification:

RSI <30

Price to MA20/MA50

Bouncing from support/trendline

Pullback vs Reversal:

Pullback = small correction

Reversal = trend change

Tips:

Use stop loss

Confirm with indicators

Focus on the major trend