WPM has broken long entry level for the symmetrical triangle. Prior resistance which is now support.
Almost a dark cloud cover candle pattern today so pulling back is part of the market, but looks like this will be an engulfing candle by market close. Both are bearish. Just means a pull back is occurring which is par for the course. Dark cloud cover is a 2 candle patterns consisting of a good size green candle then a food sized red candle that opens over the prior green candle. The red candle must move at least half way down the prior green candle. This is bearish because it points to the fact that the bulls could not hold on to price and the bears pushed them back down. Candles are short term patterns as a rule and need confirmation. They can help you get a snap shot of current psychology in the market.
Candle patterns at tops can be extremely worth looking at as well as at bottoms.
No recommendation
Almost a dark cloud cover candle pattern today so pulling back is part of the market, but looks like this will be an engulfing candle by market close. Both are bearish. Just means a pull back is occurring which is par for the course. Dark cloud cover is a 2 candle patterns consisting of a good size green candle then a food sized red candle that opens over the prior green candle. The red candle must move at least half way down the prior green candle. This is bearish because it points to the fact that the bulls could not hold on to price and the bears pushed them back down. Candles are short term patterns as a rule and need confirmation. They can help you get a snap shot of current psychology in the market.
Candle patterns at tops can be extremely worth looking at as well as at bottoms.
No recommendation