This stock is bearish pretty much on every time frame from 1H to Daily. Plus some great multiple confirmations. We have market at major resistance ( previous pinbar and huge bearish engulfing) , RSI is diverging , pinbar at upper bolinger band (market is overbought) followed by a nice bearish engulfing pattern. This is very high probability setup.
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Disclaimer
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.