Post-Reaction Rally
The rally after a secondary reaction differs from the secondary reaction rule because only one index needs the required 3% rise. For the rally following a secondary reaction, the article says only one index must rise at least 3%, unlike th…
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The rally after a secondary reaction differs from the secondary reaction rule because only one index needs the required 3% rise. For the rally following a secondary reaction, the article says only one index must rise at least 3%, unlike the secondary reaction decline rule. A rally that fails to exceed the last bull market highs creates a potential sell-signal setup. The rally after a secondary reaction must not break above the prior bull market highs on a confirmed basis to complete the setup.