NCHammer

Russel 2000 bearish engulfing followed by bullish engulfing week

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OANDA:US2000USD   US Russ 2000
Looking back in the charts, when a bearish engulfing weekly candle is immediately followed by a bullish engulfing candle, usually indicates short term bottom. I can only see 4 instances from 2004 when this price action did not eventuate. Last week we saw the Russel 2000 close with a bullish engulfing candle pattern whilst the week that preceded it was a bearish engulfing candle pattern. If history repeats, then these next few weeks should see a price runup in the Russell 2000

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.