I've mentioned in my blog in the past that I am always on the lookout for rejection bars.
These visual clues give you a heads up on a likely directional trade.
Multiple bars with tails can show where price movement has hit a road block.
This is the Dax chart of yesterday afternoon and the morning session today.
I highlighted the major areas but you can see a few minor areas that the tails held a move.
DAX tails.jpg (132.12 kb)
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