At the recent top, i saw two bearish engulfing candlestick pattern.
The latter one is even more serious as it engulfed the first engulfing pattern with 15x the normal volume!
Like a shark swallowing a small fish.
With MACD & RSI showing bearish divergence and moving lower..
I will short URI at 116.7 with stop loss at 120
The latter one is even more serious as it engulfed the first engulfing pattern with 15x the normal volume!
Like a shark swallowing a small fish.
With MACD & RSI showing bearish divergence and moving lower..
I will short URI at 116.7 with stop loss at 120
