US30 *Trader Tip: On the Hourly, a Tower Top pattern had formed. It is made up of a tall bullish candle (as first tower) to the left, followed by sideways action, then a tall bearish candle (as second tower). This signifies a longer term reversal pattern to the downside.
Technically, all the candle levels that are closed over [OHLC], all become support. and when you dip under those levels, you should expect them to be recovered and used as discount levels to enter long from.
This is what you will see over and over during a session trend. The strongest being the hourly discount levels.