Sure_Trading
Short

Dark Cloud Cover on SBK

JSE:SBK   STANDARD BANK GROUP LTD
A dark cloud cover has formed on JSE:SBK which is a top reversal signal, so we can expect a downwards move.

A dark cloud cover follows a preceding up trend where a red candle opens up above the previous day's green candle and closes 50% below it's body.

This particular pattern has formed on quite a strong resistance level which solidifies the signal.
We will look at entering a short position if it trades around the 17200 level with a target around the previous support level of around 16000.
Order cancelled: Cancelled the order on this one as it has gone in the opposite direction to what was expected
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