Bearish Engulfing on Firstrand

2019년 10월 25일

A bearish engulfing chart pattern formed on FSR which is often a top reversal signal. The stochastic has also turned downwards which further confirms the signal.

I will however wait until it breaks through the fractal level from the 21st of October before entering short, as it isn't the most convincing of engulfing candles as the top of the two candle bodies is exactly the same level.