💡 Common Causes of a Pullback
Profit-Taking: After a significant run-up in price, traders sell shares to lock in their recent gains, which temporarily pushes the price down.
Market Sentiment: A momentary loss of investor confidence due to an economic report, central bank commentary, or geopolitical event.
Technical Levels: Price retracing to a key technical support level (like a moving average or a previous area of resistance) before bouncing higher.
🎯 Next Steps
Are you interested in how traders use technical analysis to identify pullbacks, or would you like to see recent examples of market pullbacks?