candle wick common flats

[darkenergy]

Dear all,
I need your help in understanding the below chart. In this I have found few wicks at resistance/support are showing SIMILAR high/low price in a fashion that one can draw a line (as drawn by me in yellow) and see common happening. Is it formed due to high volume limit orders or due to other factors as the stock was forced to move UP and DOWN deliberately . Thanks in advance

Rgds

 

[Pradeep Narayan]

The first yellow line spanning 4 candles is a good representation of buying climax. Looking at the overall picture, I would assume the bears are forcing smaller shorts to exit before a longer down move.