Top companies like Facebook amazon Tesla Google etc. experienced very strong bullish movement for the last 10+ years.
I think that this rare candle stick pattern on weekly chart is suggesting bearish movement.
Two Black Gapping which according to the Bulkowski’s book it has probability of 68% that the market will follow the signal. When You will look at the chart it is very visible that the market has problems to go above this huge GAP.
ON monthly chart we see very nice Bearish Engulfing pattern
I see here good opportunity for short sell with probability of strong bearish move in the medium term.
I think 100 is reasonable TP area.
I think that this rare candle stick pattern on weekly chart is suggesting bearish movement.
Two Black Gapping which according to the Bulkowski’s book it has probability of 68% that the market will follow the signal. When You will look at the chart it is very visible that the market has problems to go above this huge GAP.
ON monthly chart we see very nice Bearish Engulfing pattern
I see here good opportunity for short sell with probability of strong bearish move in the medium term.
I think 100 is reasonable TP area.