Good pincher play but the RSI is really low -- nowhere near 50. You need to confirm the pincher play with one more day of volume beating out the volume we see here. If you can see buying volume building during the early day, then the RSI will climb and form a pincher the next session. The good thing here is the CCI and PPS conflict such that a PPS increase will result. In this case the CCI leads the PPS and is an EXCELLENT historical signal. TRIX confirms the CCI and I think in one or two sessions you'll pop.
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