Additional info:
Long, bearish Engulfing Candle that's longer than the previous bullish Engulfing Candle is a very strong sell signal
In fact the bearish Engulfing Candle is the longest candle in the last couple hours (also a strong sell signal)
Finally - the bearish Engulfing Candle has crossed through MA 10, 20 and 50 and closed below those MAs (another strong sell signal)
Just to be safe - it's still better to wait for the price to pass through the trend line (blue line)
TP 1 at 61,8% Fibo
TP 2 at 88,6% Fibo - possible Bat Pattern
Long, bearish Engulfing Candle that's longer than the previous bullish Engulfing Candle is a very strong sell signal
In fact the bearish Engulfing Candle is the longest candle in the last couple hours (also a strong sell signal)
Finally - the bearish Engulfing Candle has crossed through MA 10, 20 and 50 and closed below those MAs (another strong sell signal)
Just to be safe - it's still better to wait for the price to pass through the trend line (blue line)
TP 1 at 61,8% Fibo
TP 2 at 88,6% Fibo - possible Bat Pattern
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.