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Example discussion from a recent article.

Goldman Sachs (GS) sliced off 1% in trade about 35% slower than usual. After hitting a high in mid-December, Goldman is now about 3% off that high. The stock is extended but has completed a three-weeks-tight pattern. The potential buy point is 245.67.

The three-weeks-tight pattern can only be seen on a weekly chart. It involves three weekly closes bunched tightly. A move above the pattern's high, preferably in heavy volume, constitutes a secondary buy zone.

Individual investors who got left behind by the fast moves in the bank sector could use the three-weeks-tight as a way to gain exposure. However, because the three-weeks-tight is a secondary entry, new positions should be lighter than usual.
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