Who is in charge of the market right now? The buyers or sellers?
On the whole, the sellers remain in in charge. The buyers have only managed to push prices back up approximately 30% of the bearish move.
• For how long have they been pushing prices in their direction?
They have not been able to push prices back in their direction for the past 12 candlesticks.
• How strong is the (bearish) momentum?
The bullish pullback looks relatively significant and has clearly slowed down the initial bearish momentum.
• Does the (bearish) momentum look sustainable?
Prices have not closed above the opening price of the latest bearish Anchor candle (you spotted it, didn’t you?), but it is coming close to doing so.
As long as prices don’t make a further bullish move, the bearish momentum is more likely to continue than otherwise.