Used in the context of general equities. Reverse movement, usually downward, in the price of an individual stock , bond , commodity , or index . If prices have been rising on the market as a whole, then fall dramatically, this is know as a correction within an upward trend. Antithesis of a technical rally . See: dip , break .
CORRECTION
Meaning of CORRECTION in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012