At the recent top, i saw two bearish engulfing candlestick pattern.
The latter one is even more serious as it engulfed the first engulfing pattern with 15x the normal volume!
Like a shark swallowing a small fish.
With MACD & RSI showing bearish divergence and moving lower..
I will short URI at 116.7 with stop loss at 120
The latter one is even more serious as it engulfed the first engulfing pattern with 15x the normal volume!
Like a shark swallowing a small fish.
With MACD & RSI showing bearish divergence and moving lower..
I will short URI at 116.7 with stop loss at 120
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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.