Sentences with phrase «minor shakeout»
If the move below the 20 - EMA was just a minor shakeout, then the price action should reclaim the 20 - period EMA within a few hours to a few days, or at the very least set a higher swing low below the 20 - EMA.
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The price action on March 5 served as a minor shakeout, which was followed by a higher volume reversal day on March 6.