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This is the trending sample. It suggests that most investing takes place on a certain aspect of the value selection, which may propose directional price motion and dominance of both purchasers or sellers.

On February 1st, a pattern resembling the letter ‘b’ fashioned, subsequent a prior price tag decline. This means the emergence of a potential customer available in the market: possibly small sellers were having profits, or extensive sellers had been opening long positions by way of limit orders (getting every thing under 72.50) — each items had been probably happening.

Case in point: an intraday bullish breakout on the 5212 resistance degree. Although the volume of trades is limited, they outcome from prospective buyers’ initiative.

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