The last 2 60min bars on the S&P look like firstly a bullish
bar followed by the next bar of indecision and now we have just
started the 3rd bar. If bearish engulfing, does this qualify as an
ES Candlestick pattern? Or am I reading the last 2 candles
wrong!?
would the current candle then invalidate the evening star
formation? It seems to be shaping itself into a bearish indecision
candle. This is all very educational.
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Evening Star
Posted by vimal on 25th of Mar 2011 at 12:10 pm
Steve
The last 2 60min bars on the S&P look like firstly a bullish bar followed by the next bar of indecision and now we have just started the 3rd bar. If bearish engulfing, does this qualify as an ES Candlestick pattern? Or am I reading the last 2 candles wrong!?
vimal - correct vimal but
Posted by steve on 25th of Mar 2011 at 12:15 pm
vimal - correct vimal but so far no signs of a reversal
Steve,
Posted by sankaty on 25th of Mar 2011 at 12:52 pm
would the current candle then invalidate the evening star formation? It seems to be shaping itself into a bearish indecision candle. This is all very educational.