Patience for buy position

2020-01-13 01:08:56

Price is retesting trendline. Still not convinced that price will bounce up from trendline because Stochastic still pointing down, price is stopped by pitchfan and price did not break fibo retracement decisively.

Wait for price to either
1. Test lower boundary of pitchfan
2. Heiken Candle decisively breaking fibo retracement,

where upside will be 0.764 retracement with stoploss of ATR.