A low volatility day today, on low volume after the pullback.
This compressed price bar today can only mean one thing.
A day of High volatility is probable in the very near future, the movement in price expansion is likely in the direction of the prior uptrend.
Today was a day near a equilibrium point between Buyers and Sellers with the range of the day very tight, the prior pullback with the volume today low, this shows the sellers are close to exhausted now against the natural supply of buyers.
Once the supply of sellers dries up, price lifts naturally due to demand even without increased buying, as the price increases, new investors and traders see this change in movement and buy, overwhelming a already depleted Seller/buyer ratio, thus causing ease of movement and a high volatility bar, often a higher high.
Cacoa
DTE Price at posting:
17.4¢ Sentiment: Buy Disclosure: Held