Daily Chart
A
bullish engulfing pattern was formed. Is this a bullish or bearish sign?
Knowing technicals thoroughly would have helped make the right interpretation like we did - It is bearish having occured at
highs.It represents the last gasp of the uptrend and could be indicating a
reversal.
This was part of the Daily Newsletter sent to subscribers.Timely analysis can keep you on the right side of the market.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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