Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, May 31, 2013

Bullish Engulfing Pattern

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

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