I would like to excel on patterns and elongated candle to tell you what background is telling you. Imbalance is what creates "trends", which means when you saw breakout with large candles which is also know as "Initiative Break", can work in favor for you to Identify setups like this.
Have a look at the Chart below !
We saw large candle and price hold on the top and then we saw consolidation in a "rotation center". Point I am trying to clear is who is in command, And the answer is "Weak Sellers". Reason is because, breakout was very strong and Inner space of the bar work as rotation center and we saw a strong spike out of that rotation center and then you see that area was "retested" and price was set to rise again and that can be referred as liquidation break.
That happens only when strong buyers want to trap the sellers and push the price way beyond to create a panic for sellers to Immediate Cover the Position.
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