It's a bounce with no momentum. Basically the term comes from something along the lines of if anything drops hard enough (referring to market action) even a dead cat will bounce a little.
It's basically a small price action to the upside before more downside action continues.
It's a bounce with no momentum. Basically the term comes from something along the lines of if anything drops hard enough (referring to market action) even a dead cat will bounce a little.
It's basically a small price action to the upside before more downside action continues.