LT: What's the deal with "pinch plays", I hear a lot of chatter but no real definition of what indicators to use or watch to actually predict one. For example:
MACD decline above ADX incline below in the close up window. Normally I would be watching both of these indicators for signs of reversal but is there any correlation with these 2 appearing to be at a pinch point?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.