On 11/27 the set up was looking like it would break to the upside but indeed failed. So typical of these pincher plays. I would watch for the 5ma to cross above the 13ma for confirmation of a move with increased volume. ADX above 40. I always want Bullish Divergence with pinchers. (Bottom of candles forms two inverted peaks with the PPO forming to peaks mirroring the price movement.) I’ll post an example.
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