All Entries Tagged With: "Bearish Engulfing"
Bearish Engulfing Bars Warrant Caution
Following gains of more than 7% in just a dozen days, today we saw the market averages tag new recovery highs and then reverse sharply to finish in the red. The bearish engulfing bars which resulted on the daily charts aren’t pretty, especially given the elevated volume which accompanied them.
It hints that this market is [...]
