High Wave Candle on a Demand Zone
Here is SGMO on the weekly chart, last week price formed a high wave candle meaning indecision which can mean per text either continuation of bearish activity or possible price reversal. If the price goes below the low of the candle from last week that means continuation of bearish activity, if the price goes beyond the candle's high, a price reversal is likely; if price fluctuates between the high and low of last week candle then the asset is consolidating. We have a high wave candle on a demand zone and price currently forming below a FVG on top of a demand zone, per some technical analysis literature states that there may be price reversal in a few candles. Please see chart for key levels. Please be careful
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