Today’s session demonstrated how a previous Auction Zero level acted as a strong resistance zone. Price revisited the level but failed to establish acceptance above it, with repeated candle overlap indicating hesitation rather than bullish continuation.
On the lower timeframe, Dry Volume developed near the resistance while seller participation exceeded buyer participation (S > B), confirming that buyers were losing control. Once sellers gained initiative, Concept 4 delivered the bearish follow-through, leading to a sustained intraday decline.
Key Learnings
- Concept 1: The previous Auction Zero acted as a key resistance level.
- Candle Overlap: Repeated overlap signalled rejection and lack of buyer acceptance.
- S > B + Dry Volume: Weak buyer participation confirmed increasing seller control.
- Concept 4: Seller follow-through validated the bearish continuation.
