I was just browsing some charts and HD had a similar situation, although it's not a perfect example and this pattern on a multi-day chart is even more powerful.
HD was coming off a decline, there's more off the chart to the left, it hit a volume peak and then saw some unusually high green volume, it took off from this area.
Here's a close up of the pivot area and like I said, if this was a 5-day chart, the signal would be even stronger. We have a series of days making lower lows and lower highs, the last one is marked at the white arrow. The next day didn't put in a lower low, this becomes the candle you want to pay attention to, the long tail candle right before it is the pivot, the second candle is the signal candle. When prices move higher then the high of the signal candle, that's your sewing long entry. You can put a stop below either the low of the pivot or signal candle.
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