If you click on this segment from a recent Market Delta chart of the ES contract, you'll see a cluster of volume hitting bids, unable to drive price lower. Once their selling dries up and buying comes in, those sellers have to cover their positions, contributing to the subsequent rise.
Many good short-term trading patterns come from fading the herd, when the herd is no longer able to move price in a prior direction. By seeing the day structure (range day) and the dynamics within the price/volume bars, we can gain a perspective from both telescope and microscope and frame a winning trade.
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