The formation of bearish engalfing in the dogs chart indicates strong seller resistance in the market. But on the other hand, there is a solid wall area that is difficult to penetrate to go down further. Will the seller's strength be able to penetrate the strong wall so that it forces the market to re-establish itself as a downtrend. Or will the seller lose and the market be rejected upwards and break the strong level above it as an indication of a change in trend direction (reversal) to bullish? Let's see, friends.
