bassclef
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March 23, 2015, 09:59:16 PM

Low volume shakeout. This kind of activity allows for higher prices by forcing bears to show their hands.

Generally if the market explores a lower price area twice and the latter is on lower volume, it signals a successful test of that price area by the dominant interests and is a strong buy signal. If the volume is medium to high, it may go lower or they may test the area again in the future.