- candles 1, 3 and 5 are bearish candles with higher volumes
- everytime a bearish candle formed, it was countered by a bullish engulfing candle within one session
- when 5 formed, response from buyers was very weak, small narrow range candles with very low volumes, this gives the opportunity for aggressive sellers to drive prices lower
- candle 7 is not entirely bullish, despite the higher volumes, when compared the range with previous candle, it is much narrower, suggesting selling has taken place