as you can see the big bearish bar close below the kijun and tenkan. this bar close over 1/2 the prior bullish engulfing bar. It mean the seller is stronger the buyer
also, the volume for this bar is bigger sma 50 volume, I mean this bar is good signal for open short trade plan profit
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.