Dislikedhmmm it was my understanding though that excessive volume like that, even if the next bar is up may still be a sign of sellers coming in, just not enough to drop it YET but it could do very soon.
ive also seen volume like that with next bar closing down but then it goes flying up, on the 5min you can see it today, highest vol 5min bar, next bar down and eventually worked its way down to the open of that high vol bar, 23 pips down before eventualy going back up. having trouble trusting any of it!
wanting a test of 4655 yesterdays high now to...Ignored
You are right though these can go either way after you see a climax bar and one needs to be patient and wait for the remaining SOS or SOW to enter.
Today's zone = Tomorrow's opportunity!