Every chart has a story to say and this is the story of this one:
Hit Support
First Huge Buying wave
Going Back to Support
Abnormal Speed Index Numbers= HTMD(Hard to Move Down) (Effort vs Result concept) this is where the big guys are absorbing all the sell orders with buy orders.
Finally the last fake moves down with Low Speed Index = Fast Fake
....and up...
This Idea is Based on Effort & Result Theory. I am expecting an up word move toward the direction of drawing.
Happy Sunday & Happy Trading.
*Not A Financial Advice. Its just my own analyses based on Effort & Result Theory