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NCHammer
Oct 4, 2020 6:56 AM

Russel 2000 bearish engulfing followed by bullish engulfing week Long

US Russ 2000OANDA

Description

Looking back in the charts, when a bearish engulfing weekly candle is immediately followed by a bullish engulfing candle, usually indicates short term bottom. I can only see 4 instances from 2004 when this price action did not eventuate. Last week we saw the Russel 2000 close with a bullish engulfing candle pattern whilst the week that preceded it was a bearish engulfing candle pattern. If history repeats, then these next few weeks should see a price runup in the Russell 2000
Comments
Saeed966
Nice job
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