Bearish Engulfing Candle, but be patient for a better entry
We saw the price break down lower with a huge bearish engulfing candle. However, we might see some retracement higher first which will allow us to to go for a better short entry. I'm setting a sell limit for when price retrace to retest the broken support turned resistance.
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.