The indicated candles are great examples to locate weak supply zones.
As we see, these topping candles with locally high volume pinpoint supply areas where sellers are entering the market. The fact however that there is no real follow-up volume behind the supply is suggesting no real selling pressure or change in trend.
These candles are important to watch, as their upwards breach is usually a reliable signal of trend continuation.
As we see, these topping candles with locally high volume pinpoint supply areas where sellers are entering the market. The fact however that there is no real follow-up volume behind the supply is suggesting no real selling pressure or change in trend.
These candles are important to watch, as their upwards breach is usually a reliable signal of trend continuation.
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