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Scanning for a failed downside breakout
I am looking for a scan that searches for the following setup:
- Price has been in a downtrend
- Price takes out the prior low but not by much and then closes above the prior low
- MACD shows a shallower bottom on the pierce of the low than it did at the low that has been pierced (a divergence)
Can anyone help me set this up?
If this is too hard, is it possible to do it without the divergence between price and MACD? So only the takeout of the low by a small amount and then closing above the low that has been taken out?