First, we were not able to make new all-time lows. This is very significant. It shows the market refusing to even test that price level. Secondly, there was a spring capitulation candle that broke a previous range ( candles in succession) to the downside. What is critical above this capitulation candle is the . Notice the ridiculously low , indicating there are very few people willing to sell below this price level.
Really interested in seeing this one play out.