An engulfing candle stick pattern can be either be a bullish or bearish reversal pattern. The pattern is confirmed when a candle stick has ended with the main bodies open and closing price is above and below the previous candles open and close price. 67 more words
Tags » Bearish Engulfing
Since the beginning of the year the index fell more than 12.5% and last week plunged more than 5.5%.
The NASDAQ 100 is in a bearish phase since the beginning of February after the death cross in addition continues to close below the 10 and 50-week moving averages. 80 more words
week to week has been uptrend.
However a resistance confluence has been formed at current price range nearing ~1.5000
I am looking at this as a testing area for $1.50 , a psychological price level. 136 more words