Placed a Buy just now, but cancelled it. I placed it because it had some reaction on the support zone. And I was also looking to buy, due to the overall bullish trend.
But after thinking for a few minutes, I remembered it does not follow one of the theory of the price action.
The engulfing candlestick should only be applied to peaks and valleys. The above is more like happening in a consolidation range.
No comments:
Post a Comment