This is a very powerful setup. It's most reliable in stocks in strong trends and pull back smoothly and constructively to the 20 EMA. It is most reliable on the daily time frames even though it works on all time frames. Just remember:
1. Stock must in a strong trend.
2. Stock must pullback smoothly and constructively.
3. A reversal candle of some sort(doji, hammer etc) is nice but not important.
Enjoy!
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