I like to say it can.
Take a look at the daily $DDD chart below:
It has a higher high and high low yesterday even though the bar was a red bar (close below open). Today is an inside bar but a green bar nevertheless. We have a divergence from the momentum indicator favoring an upside possibility. I bought a starter position with a stop below yesterday low just in case. I consider this a low risk trade.
Below weekly chart shows a current green weekly bar near the 61% Fib retracement support level. Let’s see if the support hold.
My 2 cents.