Whats up guys,
So you can see from the image above, the “PURPLE”candlestick is deemed as volume starting to rise…Proceed with caution…When we see this behavior, price may actually trade further away before it considers coming back to recover that candle stick….
I show this to you as it is important to understand that the red candlesticks usually have a high success rate of price recovering them, however whenever you see the purple candlesticks, it could imply that they may not be done yet with the zone and may favor lower prices before the hit and recover that candlestick.
Just adding more to your artiliarry of trading tools guys.
Trade Well My Friends
Tino
