Compression under the high (capture 8)

At 5:13:09 pm, price tests 7,616.75 for the third time (4:58 pm, 5:07 pm, 5:13 pm). Aggressive buyers push, resting sellers hold the level, and the book leans clearly to the sell side (−271). It is a compression: price is squeezed between one side's aggression and the other side's liquidity, in a 4.5-point range for the last 15 minutes. A compression of this kind under a high usually ends with a clean exit on one side or the other. This last capture of the afternoon also teaches you to recognize absorption live, on a selling burst that barely moves price down.