In the chart, the price has retraced back to its original point of displacement ( where the price saw a sudden spike ), followed up with volume dry up indicating the institutions might still have some pending orders in the market waiting to be executed at the same price.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.