The ideal setup on the YM in Figure 15-14 did not truly have the agreement
of the 15-minute chart to support the trade setup. First, you can see
that on the 15-minute chart, the price was below the 34 EMA and the
50-bar CCI was below zero. The general pattern of this chart was lower
lows and lower highs. The place where you could try to justify the buy side
would be where you have a minor pattern of higher highs and higher lows
from the 2/27 low. But let’s take a look at another Dow chart (Figure 15-15)
and use some common sense.