I've just been looking around for some clear examples of some different principles to point out, and came across this one showing "bullish absorption" @V* you might also be interested in this one after our discussion today.
Note how price initially gaps over the double lines of potential resistance (a ploy to encourage holders not to sell into the rise in price).
Then note how price takes on a 'pressing nature towards the upside (with repeated higher lows in particular)
There are some clustered closes, but not a lot.......
Finally look at those three arrowed downbars. Each one appears poised to take price lower....and each one fails to follow through to the downside.
And once the supply in the range has been bought, price accelerates up and away from the danger zone.
