CNX AUTO INDEX made another Engulfing pattern at the High, away from the moving averages. On the prior two occasions when it made similar patterns price made minor corrections pulling back to 10 & 20 EMA respectively. The odds of probability look high for a similar correction again.
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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.