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The wide range decline on the first trading daydrops the security to a new low, illustrating that bears control price action. Weakened bulls make a

The wide range decline on the first trading daydrops the security to a new low, illustrating that bears control price action. Weakened bulls make a standon the secondtrading day, reversing the security after it hits a new low (below the first candle).Their buying power lifts the security into a close in the upper half ofthe first candle's range. The security opens lower on the third trading day, signaling a reduction inbull power; however, bears fail to capitalize on that weakness, generatingan indecisive session within the tradingrange of the second candle.

This behavior may indicate that bear power is waning, settingthe stage for a bullish price thrust on the fourth trading day.

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