Bearish Divergence & Engulfing
Updated
The stock is forming divergence suggesting the forthcoming weakness and current Engulfing bar has triggered the short trade. First target is around lower line however it may also be a reversal of recent up swing so could drag the price further lower. We may review that later.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade closed: stop reached
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.