Lesson 2: Continuation Chart Pattern – TAT, LEAP, WRES, HDY, QPSA, DEXO, DMD, LGF, FLOW
Retracement – a temporary reversal in the direction of a stock’s price that goes against the prevailing trend.
Fibonacci Retracement – use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before it continues in the original direction.
Fifty Percent Rule – before the observed trend continues forward, a price correction of approximately 1/2 to 2/3 of the change in price will occur.
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