For me it looks like a bearish weekly harami
This is not a Bearish Harami!! It has piercing line to the prior candle.
Bearish haramis should reside within the prior candle..
This can qualify as Hammer or Better yet as Hanging Man. But dont let the Red colour Deceive you..
Ideally next candle should open below it and close below it. for a stronger short signal.
This to me does not look like a valid short.. I will be looking to Buy DIPS..
FAVOURITE PLACE TO BUY WILL BE 152.60 - 151.00
Charts are still bullish..If monthly candle closes as a Doji. I will be convinced that the Bull run is over...other wise expect a Big Blue Monthly Candle in JULY..(Bigger than any)
As for the Range some said for 2- 3 months.. I personally dont think so..range will be at 179xx- 181xx area..if it gets there!!
I AM going to keep an EYE on Daily +Weekly Candles From now onward..
He who thinks he knows, doesn't know. He who knows that he doesn't know, Knows.
by Lao Tse.
Markets are not Random, they are designed!