We can clearly see the selling legs , which seems strong enough to get absorbed. Yesterday we got a good rally of around 8.5% (market closed). And today we can see a tiny selling candle , which shows some signs of buyers at supply and absorption of selling. If we see more good buying candles or tiny selling candles. We can say the buyers are taking charge for the further ATH rally and it defines the absorption of supply
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.