Hello, this bullish engulfing candle on the weekly chart shows me a shift change in price action.
Normally it is followed by one or more bullish candles.
In my chart you see the trend channel in witch the price action is occuring. When we see a confirmation of the middle boundary of this channel this would be a great bullish sign.
Have a nice weekend and week!
Normally it is followed by one or more bullish candles.
In my chart you see the trend channel in witch the price action is occuring. When we see a confirmation of the middle boundary of this channel this would be a great bullish sign.
Have a nice weekend and week!