I do not want to steal this thread, but since TG uses
VSA, I would just point this out.
The first bar in this 2 bar reversal pattern has volume less than the previous two bars, closes lower, closes on its low and has a narrower range than the previous bar. Simply, It is No Supply.
Note two other points:
1. This No Supply is in the range of a High Volume Candle. That is within the body of a high volume WRB to be exact.
2. The close of the No Supply candle is supported by the opening range.
Understanding volume and support/resistance are keys to successful market trading. As price moved down towards that area (opening range) it becomes a good time to pay attention. It does not make much sense to go long, or short, just because price is moving towards an possible support/resistance area, but it does make sense to start looking for Smart Money involvement, or lack thereof.