Idea of Rally
Rally in Market- An asset value is affected by many factors. These factors include Earnings/Dividends declared, Change in Government policies, News, etc. Such factors combined together make the asset value move up or down. There are situations when an asset continues to move in one direction which can be upward or downward. Such one sided movement is called Rally . Examples- Upside Rally- When the asset price/candles continuously move upward. Downside Rally- When the asset price /candles continuously move down.