FTDS - Market Myths: Data-Driven Insights On The Bearish Engulfing Pattern (Technical Analysis)

2024-07-26 13:30:00 ET

Summary

• Last week, which ended on July 19, 2024, saw what appears to be a significant reversal in major stock indexes.
• Many commentators are wringing their hands over a candlestick pattern called an “engulfing pattern”.
• There’s a non-zero chance that we just made a long-term major high in the market and it will never look back.

Did you catch what happened in the market last week? Stressed out about the future? Worried about your positions or retirement account? Are you hearing people talk about the ominous weekly candlestick pattern? If so, let me show you how to think about the market....

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