The idee for thie SELL it’s a strong emerging Pattern on the daily chart.
Three Inside Down :
This pattern is a more reliable addition to the standard Harami pattern.
A bearish Harami pattern occurs in the first two candles.
The third candle is a black one with a lower close than the second.
The third candlestick is confirmation of the bearish trend reversal.
Engulfing Bearish :
Indication : Bearish reversal
Reliability : Medium
DescriptionOccurring during an uptrend, this pattern characterized by a large black real body, which engulfs a white real body (it doesn't need to engulf the shadows). This signifies that the uptrend has been hurt and the bears may be gaining strength. The Engulfing indicator is also...