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Downtick

a.k.a. Down tick

A trade or quote at a lower price than the one before it.
In plain English

A trade or quote at a lower price than the one before it.

A downtick is the smallest step down: the next price printed is lower than the last. The opposite is an uptick.

In stocks, some short-selling rules depend on whether the last move was an uptick or a downtick.

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