$ENA 2-hour time frame candlestick pattern:
_Spinning Top Candle with long lower wick:_
- Indecision in the market (2-hour time frame)
_Next Candle: Green Bullish Candle:_
- Buying pressure wins out, trend turns up (2-hour uptrend)
_Next Candle: Red Bearish Candle with small upper wick (not closed in 2-hour time frame):_
- Selling pressure tries to push back, but fails (weak selling)
- The fact that the candle hasn't closed suggests the selling pressure is weakening
Overall Analysis:
- The 2-hour uptrend is still intact
- The spinning top candle indicated a brief pause
- The green candle confirmed the uptrend
- The red candle with a small upper wick suggests a weak attempt to reverse the trend
Next Move:
- Likely continuation of the uptrend
- Buying pressure may push the price higher
- Keep an eye on the next candle's close to confirm the trend
Note: Since the last candle hasn't closed, the analysis is based on the current situation. The next candle's close will provide further confirmation or reversal signals.