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lemonsandshade
Apr 12, 2019 1:16 PM

Sears - price action shows channel wants to break out 

Description

Looking at Sears it appears price is moving in a channel. Seeing some nice green wick candles indicates to me that buyers are stepping in.
Could see another drop towards the bottom of the channel, otherwise it could be a good high probability setup to wait for impulse above the channel, then correction (bull flag), and then continuation above the price for bullish setup.
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