Glossary Term

Rally

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A rally is simply a period of sustained upward movement in an asset’s price, which takes place when there is an abundance of buyers and a lack of sellers, causing the asset in question to make steady increases in value that are usually characterized by higher-lows and higher-highs. Rallies can be slow and steady or parabolic in nature, in which case they do not consolidate and post higher-lows, but rather rise straight up with each period closing higher than the last.

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What is rally? A Traders Expert explanation

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