DislikedNot so fast on the Bearish Trend, especially using one bearish engulfing candle.....which by the way is not that impressive...for that matter we should be in a bullish trend according to the weekly charts. same thing different side..
the thing about engulfing candles like that, is the next candle, if it confirms it or not....
On a side note, I have Bullish next week early before we start to see another significant decline.....in addition to that take a look at the 4 hour chart....fib levels, 38.2% was nicely penetrated then candle closed above, wouldn't that mean bullish beginning to continue?
All I am saying is make sure you look at the big picture, don't base an analysis off one candleIgnored
leave him, he is stubborn and will def. learn the HARD way. I cant believe he is teaching people how to trade, its like the blind leading the blind.