Tuesday 8 September 2015

Engulfing Pattern

Bearish Engulfing Pattern


above chart illustrates a bearish engulfing pattern. Here the market is trending higher. The white real body engulfed by a black body is the signal for a top reversal. This shows the bears have taken over from the bulls. after showing this bearing signal next three week continue drop down SBI share 268 to 228. this is the magic of candle charts.

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