Most of my entries this year have come from the Undercut & rally or (U&R) setup off of key EMAs and weekly pivots With the market continuing to consolidate and some of the best stocks from the last few months building big bases Its an incredibly important concept to understand: For example I caught a beautiful move on $MRNA last week Over +30% on shares in just 1 week... This setup and entry came right off of a key moving average after the stock undercut the lows of its flag and reclaimed Failed Breakdown = Inflection Point. When a stock undercuts a key support level like a moving average or lows of a base -Sellers get trapped shorting the hole -Early buyers stop out of their positions & when the stocks ends up reclaiming that level and putting in a "failed breakdown"... shorts
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