Have not looked at everyone responses yet, I think that though...

Have not looked at everyone responses yet, I think that though there are signs that someone is buying the stock (absorbtion) I think the next bar will be down because ...

After a positive test, the spread has narrowed and volume doubled indicating some supply has been drawn out. The SP finished near its low so would expect it to head lower the next day to draw out further supply




Though I could be getting confused with distribution and those bars that I have labelled with "absorption" are really just the market maker holding up the price so he can off-load ?!