BERISH ENGULFING IS OBSERVED. THERE IS RECENT PRICE HIKE IS SEEN AND THE BEARISH CANDLE HAS ENGULFED THE PREIVIOUS DAYS CANDLE. PRICE IS EXPECTED TO MOVE DOWN TOMORROW ONWARDS IN THE SHORT RUN. IF PRICE BREAKS DOWN BELOW THE BOTTOM OF THE CANDLE, THAT IS LOW OF TODAY (26-12-2017) SHORT POSITION CAN BE CREATED.

2 Comments
  1. vignesh 6 years ago

    Hi sir,
    Exhaustion gap is also witnessed here.

    • Author
      S K UMESH 6 years ago

      IN AN EXHAUSTION GAP THE CANDLE WILL NOT BE ENGULFING THE PREVIOUS DAY CANDLE. IT WILL OPEN HIGHER CREATING A GAP AND THE GAP GETS FILLED DURING THE DAY. THE DAY CLOSE SHALL BE NEAR TO THE DAY LOW. WE CAN WAIT AND WATCH HOW IT BEHAVES IN THIS PARTICULAR CASE.

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