Price just flipped hard the other way and that red candle got erased in one move. See how the next candle opened above the old high with no overlap at all? That's a violent shift in control from sellers to buyers. It's called a Bullish Kicker and it means buyers took over instantly with zero hesitation. Look at the gap between the two bodies. There's no wick overlap at all and that empty space is the whole signal.
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Not financial advice. Trading involves risk and you can lose money.