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AAPL might be a Bearish Engulfing at 52-Week high today
AAPL might be a Bearish Engulfing at 52-Week high today
The day still early, hmm, actually it's just 2 hours after the open but AAPL might be a Bearish Engulfing at 52-Week high today.
Unfortunately bearish engulfing in reality does not like its name suggested, it's rather bullish at least the next day, up 68% of the time with profit factor 2.3 which is very good. Also you can see only 2 (red arrow) out of 9 cases on the chart that it led to a real pullback. So bears, probably it's not the time yet. Your days will come but probably not now.
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Re: AAPL might be a Bearish Engulfing at 52-Week high today
Just a follow up, AAPL is bearish engulfing today as the bearish engulfing requires only body to engulf body, shadows don't count.
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