"...note since the recent highs the opening 4hr bar has been...

"...note since the recent highs the opening 4hr bar has been heavy with supply .. quite wide and closing mostly low .. now this mornings opening bar has been the complete opposite ..."

4hr chart update



Since the recent highs the opening 4hr bar (numbered 1-4) has been heavy with supply.. and the second bar of the day has mostly been a low volume up bar (no demand)... bearish action

Now we come to bar #5, its the one highlighted in previous post as being the complete opposite of the earlier four.... next we see #6 doing similar, that is they are now closing highish with the second bar of the day now being the complete opposite of what those that followed #1-4 had been doing and that is they are sitting quietly on low volume but as down bars (no supply).. bullish action .. You could sum it up as to say.. (from the highs) supply was heavy in the opening action followed by no demand but round the bottom (SOT) the opening action has been bullish followed by no supply.