Technical_Analysis_page_275

Technical | Analysis page 275 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

246 Part Ill. Trend Analysis than 50% of the previous uptrend. The same is true for downtrends. Should the retracement in an uptrend decline more than 50%, the trend line in the longer uptrend would likely be in jeopardy. Figure 12.17 shows a 50% in the initial upward leg of a longer uptrend in the…