Buyer waiting to enter
2020-01-20 14:52:51
*Refer to numbers plotted on the chart.
1. Clean uptrend on 09 Dec'19 W1 candle. Clear dominance, but was dwarfed by engulfing bearish candle. This neutralized any dominant sides.
2. Price hit support line and reversed.
3. Multiple attempts by buyers to push price back up, but failed.
Verdict: Price likely going to hover/ranging for a few W1 candles.
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