• A pullback is a slight pullback or change in direction of a financial instrument such as a stock or index.

  • A term used by technical analysts to analyze security prices refers to short-term changes in stock prices relative to the general trend.
  • Once the pullback is over, there should be a continuation of the previous trend.
  • Rollbacks are not the same as reversals - in the latter case, the price of a security must break through support or resistance levels.