This red candle referred to by the arrow is a candle whose body is very small and does not have any volume. This means that it is a test candle for sellers and it succeeded. There are no sellers in this area. This means that the market maker will raise prices in the next two candles and start rising because he has ensured that there is nothing that hinders the rise in prices. After this successful test
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Comentarios:
It has already reached the shaded area, and I think that the 27.2 area will be the end for it for a period of such years, followed by a correction, and then the completion of the rise again for areas above 40, but we will give some time to make sure of the 27.2 peak.
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