Yes the pinch is strong with that one. See how (at least for now) the pop ended at the 20sma/middle BB, very typical. A good pinch pop will jump up past the 20sma to fully break the pinch up. If it does not then the pinch will not get fully relieved and will turn into what I call a longneck. It will then have to be fully relieved later, eventually. A pinch that pops but not enough to relieve the pinch fully I call teaser bounces. Those are cool though because you can bank on the teaser bounce and then again on the real pop later that fully relieves the pinch.
Some people are all about RSI RSI RSI about pinches. I use the RSI more on the buy side then the sell side with pinches. The moving averages I have found to be key on the sell side. On average the typical pinch pop (real one, not the teaser) will give up the 32sma.
Knowledge + risk taking = prosperity
