A bearish engulfing pattern on the weekly chart in combination with the break below rising trendline support is bearish.
Price could continue drop from broken trendline OR rebound RN resistance before falling
Price could continue drop from broken trendline OR rebound RN resistance before falling
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Signup to my newsletter:
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Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.