1. the WRB is a candle that indicates buying stength, this could give a signal for the beggining of an upward movement
2. the movement between HL1 and HH1 has overtaken important left pivots ( see LHs), this is considered as a possible beginning of an upward movement in this frame time.
3. The higher frame, in this case the 12 hrs frame time ( I use 3 frames time to identify the probabilities screencast.com/t/ySVz4Wb2Ak ), shows an WRB, also indicating the buying strengt and the moving averages shows a signal called divergence average, wich is an oversupply signal that indicates that buyers are taking back the market control.