so far we have what looks to be a confirming candlestick to yesterday’s hanging man candlestick on the S short trade. the hanging man is a potential bearish reversal pattern that needs to be followed up with a confirming stick, such as this bearish engulfing candlestick. as we still have 3 hours of trading left in the day, this sell signal is still not confirmed yet but S does close at or below current levels, then this pattern will be confirmed and would significantly increase the odds of this short trade hitting the final target (T2), about a 15%+/- gain.
