European Markets are now closed

This candle with the long lower wick and high volume is a very typical sign of an intraday reversal. The market has lost a lot of ground very early in the day and usually has trouble holding losses this big this early, so this should be the area where the market reverses on the intraday volatility run. Should this not hold up, several recent trends will be broken, that of the afternoon rally after the EU markets close, that of high volume on a slightly bullish candle acting as a bottom intraday, the concept of early losses not being held by the market as it takes some back. Should that happen, we've crossed over.