- the red circles show URME's most recent high - notice the underwhelming volume
- the red line above the rsi indicator demonstrates negative divergence
- the red candle in the blue circle is a huge bearish engulfing candlestick pattern - and just look at the volume below! for a candlestick like this to really be considered a bearish engulfing one, it should occur at the top of an uptrend - just like this one.
Showing posts with label bearish engulfing candlestick. Show all posts
Showing posts with label bearish engulfing candlestick. Show all posts
08 March 2007
a closer look at URME
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