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Chart School :: Pullback Sell
   
 
1. Security within the context of a downtrend traces an orderly price increase from a swing low

2. The power of a downside reversal after a rally can be greater after a strong and steady downtrend due to the possible increase in overhead resistance.

3. They can be stronger to the downside when the most recent swing low is also an all time low due the lack of underlying support.