Dislikedso it was a classic setup consolidation, break, test
the reasons it is a weak trading signal on first test are:
1. the rapid 9 pip bar rejection from 34 to 25 shows good rejection but more importantly being a big bar is hard to get an engulfing on the next one, and even the next there are in the shadow of that big red bar
2. the time of day is 25 minutes into London right in the time zone where if they are going to reverse direction they often do
3. the immediate swing direction is down from 3309 so going against the flow means you want...Ignored
Are you using the IT Finance charts from IG there?