What's a Indices Trading Pullback?
The stock indices trading price does not move up or down in a straight line. Instead the stock indices trading price moves up or down in a zigzag pattern called a indices trend - in this pullback pattern the stock indices trading price moves upwards in a indices trend then it retraces before resuming the indices trend direction - in a downward trend the stock indices trading price moves downwards in indices trend direction and then retraces before resuming the indices trend direction.
What is pullback? A stock indices trading price pullback is a pullback of the stock indices trading price before the stock indices trading market resumes the original indices trend movement.
Example of Zigzag Indices Price Movement: The example explained and illustrated below shows stock indices trading price moving up in a zigzag pattern showing stock indices price trend and stock indices trading price pullback.
The example explained and illustrated below shows movement in an upward market and stock indices trading price pullback.
What is Pullback? - What is a Indices Trading Pullback? - Indices Price Pullback Described with Example
1-2: Indices Price Moves Up - Indices Trend Direction
2-3: Indices Price Pullback
3-4: Indices Price Moves Up - Indices Trend Direction
4-5: Indices Price Pullback
5-6: Indices Price Moves Up - Indices Trend Direction
The pullback of stock indices trading price is described on the above examples - this represents a indices trading pull-back in an upward stock indices trend.
