Technical analysisTurkish: Teknik Düzeltme
What is Technical Correction?
A pullback of 5% to 20% driven by profit-taking after a strong rally.
ExampleAfter rising 40% in three months, the stock went through a 12% technical correction.The figures in the example illustrate the concept; they are not current market data.
Related terms
Bear MarketA prolonged downtrend in which the market falls at least 20% from its peak.Support LevelA price zone where declines have historically stopped and buying pressure strengthens.Stochastic OscillatorA momentum indicator that shows where the close sits within the price range of a given period.TrendThe ongoing general movement of price in one direction; it can be up, down or sideways.
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Frequently asked questions
What is Technical Correction?
A pullback of 5% to 20% driven by profit-taking after a strong rally.
What is Technical Correction called in Turkish?
In Turkish financial reporting and news, Technical Correction is called Teknik Düzeltme.
Which concepts are related to Technical Correction?
The concepts most often mentioned together with Technical Correction are Bear Market and Support Level.
More terms in Technical analysis
Alligator IndicatorAverage True RangeBollinger BandsBreakoutCandlestickConsolidationDojiDouble BottomElliott WaveEngulfing PatternExponential Moving AverageFibonacci RetracementHammerHead and ShouldersIchimoku CloudMomentumMoving Average (MA)Moving Average Convergence DivergenceOn-Balance VolumePivot PointRelative Strength IndexResistance LevelSideways MarketVolume