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Technical

Pullback

A temporary price decline within an ongoing uptrend. In Elliott Wave context, pullbacks correspond to corrective waves (Wave 2, Wave 4, or Wave B) within a larger impulse structure.

RELATED TERMS

Retest
When price returns to a previously broken support or resistance level to confirm...
Wave 2
The first corrective wave in an impulse sequence. Wave 2 retraces a portion of W...
Wave 4
The second corrective wave within an impulse sequence. Wave 4 never overlaps wit...
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