The recent correction in DIS ended at the upper resistance zone of the rising window. Nice bullish sash confirming resistance, with target at last major high.
The Bullish sash enables a tight stop loss, right below the lowest low of both candles.
A long resistance level (back in Nov 2018) holds again and the stock is confirming this with a bearish engulfing pattern.
Don't like the window below (potential resistance) but at least I can enter with a very tight stop.
AMD put in a bearish engulfing pattern on Friday. This comes after the (over)extended rally.
Nice bet on a reversal, going into the Q4 earnings on Jan 28. Bit more riskier than normal, because we just made a new high. Set a tight stop and don't risk too much!
Bearish Engulfing in HD on Friday.
Stock tested upper resistance level of massive window but failed 2 times. This second time a bearish engulfing was formed. Short idea, with tight stop loss above pattern high @ 235,71 USD.
Target is set to last significant low of the former rally, which is at around 217,53 USD.