How does the OCP indicator work?

Question

Accepted Answer

It is a two-candle pattern. The first candle has a long upper tail: its upper wick at least twice its body and longer than its lower wick. The second stays inside it. That arms the blue trigger line at the top of the tail; a later candle breaking over it is the Confirmed Buy, the blue arrow. First candle: the long upper tail: sellers pushed it back down. Second candle: its body inside the first candle's range, its high no higher than the first candle's high. The break: a high over the blue line means the buyers took out the sellers' wick. A long lower tail arms a sell trigger: the red line and the red arrow. Setups are at least 10 candles apart.