Are These Engulfing Candles Telling Us The Bulls Are Back?
It is the week of retesting bullish engulfing candles. There is a bullish engulfing retest that happened last week which could signal the return of the bulls.
Another confirmation is the bullish engulfing that formed on the daily chart Friday, March 5th.
Could see a retest of the engulfing before going up since a higher low is due on the 4hr. If the retest fails, price could send us back down to the 3785.9 daily area before trying again.
The test will be if it can pass the monthly 3867.3 area this week to continue the bull rally or not. Let's find out.
BULL TPS:
• 3867.3
• 3894.2
• 3930.8
BEAR TPS:
• 3823.5
• 3790.0.
• 3755.6
• 3730.6
Another confirmation is the bullish engulfing that formed on the daily chart Friday, March 5th.
Could see a retest of the engulfing before going up since a higher low is due on the 4hr. If the retest fails, price could send us back down to the 3785.9 daily area before trying again.
The test will be if it can pass the monthly 3867.3 area this week to continue the bull rally or not. Let's find out.
BULL TPS:
• 3867.3
• 3894.2
• 3930.8
BEAR TPS:
• 3823.5
• 3790.0.
• 3755.6
• 3730.6
Trade closed: target reached:
All BULL TPS were HIT March 11th, 2021 during the London session.