Here is a look at various overlapping channels using the 3Hr and 3Day timeframe perspectives.
tight correction means high quality movements !
another correction that won't overlap with 0.7318 is a good signal for more long
Incyte Corp. has overlapping white candles on a strong move out of a short-term bottom. The overlaps are caused by pre-market open selling that gaps the stock down. The run up shows strength within the buy side.
short LET SEE HOW IT PLAY OUT