Bearish engulfing candle yesterday indicates a retrace, BUT the...

  1. 3,537 Posts.
    Bearish engulfing candle yesterday indicates a retrace, BUT the gap could also indicate a breakaway from the former trend.

    Considering the record high volume on the breakaway candle, 46million, and that no announcement has yet been made, there's a fair chance the gap will remain open, in which case, an extremely bullish sign.





 
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