Figure 15-14 is an example of an ideal setup on a three-minute chart
in the mini-sized Dow. When the key price support at 12298 was tested, the
price was above the 34 EMA and both CCI readings were above zero. After
an initial rally (40 points) off this support, however, the trade failed to
reach the initial upside target. This is why we need to be aware of what the
longer time frame charts look like. (They were not truly in agreement with
this bullish trade setup.)