The volume has been light on the bear pullback since recent lows. Now we have a bearish engulfing pattern at a 61.8% confluence area. Similar patterns on other indices and many individual stocks. Would expect a test of recent lows.
Daily uptrend but the macro environment is uncertain. The bigger picture is a monthly symmetrical triangle. Any long should be closed if the daily trendline support fails
Barclays has been in this range since 2009 and has found resistance at the top trendline of the triangle.
Barclays is also in an updward daily channel and has found resistance at the top of the channel.
