Bearish Engulfing Pattern
A chart pattern that consists of a small white candlestick with short shadows or tails followed by a large black candlestick that eclipses or “engulfs” the small white one. As implied by its name, a bearish engulfing pattern may provide an indication of a future bearish trend. This type of pattern usually accompanies an uptrend [...]
Trade Tips For 7th May 08
RSI = Relative Strength IndexSlow Stoc = Slow StochasticsMFI = Money Flow Index S1 = 1st level of supportS2 = 2nd level of suppport R1 = 1st level of resistanceR2 = 2nd level of resistance Did you like this? Share it:Tweet
U.S. Pending Home Sales Probably Fell in March for Second Month
Bloomberg has latest story about US Pending Home Sales: U.S. Pending Home Sales Probably Fell in March for Second Month Fewer Americans probably signed contracts to buy previously owned homes in March for the second consecutive month as falling prices and tougher loan rules discouraged buyers, economists said before a report today. The index of [...]