February 16, 2012

APPLE Bearish Engulfing

  • Apple daily has given a bearish engulfing pattern at the top of the trend.
  • Bearish engulfing is a reliable pattern but need confirmation. Next day's candle should give A gap down and close near day's low with high volume which should support the bearish engulfing pattern.
  • Hour chart trading below 50 Hour SMA will help the bears of APPLE.
  • ES SUPPORT AND RESISTANCE LINES

No comments:

Post a Comment