Rally

      A Rally is a market event whenever asset prices recover after a prolonged period of down trending. Rally’s do not indicate a reversal of the market trend, rather they serve as a strong indicator of shifting market sentiment over the longer term time frame. Moreover, rally’s do not have any specific parameters to gauge what is and what is not considered a rally; a rally can be 20% and a rally can be 388%.

P.S. A rally in the Market does not indicate a return to previous levels (however they sometimes can return to and even break into ATH).

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