The beauty of a trading range break. Heres where the share is after the breakout.
I hope some of you profited from this

Hi shotry
Once the price goes above the bearish engulfing pattern then i find its void.
If the price on this finishes above 121 then this could take off unless a false breakout occurs.The best way to aviod a false breakout is wait for the re-test and then go long with tight stops.
Its currently bang on the resistance.This level has held this back 5 times in the past so its a strong resistance area. This is actually in a massive trading range from 64 to 121 so about 56 points long. So a breakout could go as high as 177.
So one to watch.

Remo, the SP on this one is now marginally above the bearish engulfing pattern. Is the that pattern therefore void now?
It remains at resistance so it's still a valid short for the moment, just wanted to know the specifics regarding the bearish engulfing pattern

This ones got a real bearish engulfing pattern on this right at major resistance.



im short on this with a stops above the high at 120

Its rare to get a proper bearish engulfing pattern.
Bearish engulfing pattern should open up above the high of the previous day then close below the low of the previous day. ...Obviously theres still another 40 mins to go before market closes so may change by then. so one to watch
This came right at the resistance at 120 so added to the signal.

dyor