The circular marked candle stick is acting as a dominant candlestick with it's opening acting as support level and closing acting as resistance. This happens usually when there's clash between bulls and bears to prove there dominance over the trend we also call it as side ways market. This is what you need to understand before taking any position in the market. Hope this helps you to grow.
If you feel anything wrong about my analysis system do not hesitate to comment. I would really appreciate and welcome your thoughts.
If you feel anything wrong about my analysis system do not hesitate to comment. I would really appreciate and welcome your thoughts.
Comment:
As you can view that how the dominant candlestick dominates the range and also what happens with it breaks the range.