Last Engulfing Top on Japan 225: Bearish Reversal Ahead
In this 1-hour chart of Japan 225, a bearish **Last Engulfing Top** pattern has formed, indicating a potential reversal after a bullish run. The engulfing candle suggests that sellers are gaining control, and a short position may be considered if the price continues to decline below the engulfing candle's low.
Key Points:
- Pattern Identification: The Last Engulfing Top is a strong bearish signal, occurring after a notable uptrend.
- Confirmation: The price is currently trading below the pattern, adding confidence to the bearish outlook.
- Potential Targets:Traders may target the support levels around 35,400 - 35,336 USD, with stops placed above the engulfing pattern near 36,294 USD.
Risk Management:
- Monitor for any bullish reversal signals that could invalidate this setup.
- Adjust stop-loss levels according to your risk tolerance and market conditions.
This setup offers a clear bearish opportunity, but as always, proper risk management is crucial when trading reversal patterns.
Key Points:
- Pattern Identification: The Last Engulfing Top is a strong bearish signal, occurring after a notable uptrend.
- Confirmation: The price is currently trading below the pattern, adding confidence to the bearish outlook.
- Potential Targets:Traders may target the support levels around 35,400 - 35,336 USD, with stops placed above the engulfing pattern near 36,294 USD.
Risk Management:
- Monitor for any bullish reversal signals that could invalidate this setup.
- Adjust stop-loss levels according to your risk tolerance and market conditions.
This setup offers a clear bearish opportunity, but as always, proper risk management is crucial when trading reversal patterns.
Transaction en cours
A little bit choppy. but, it's on the way down.
Trade fermée: ordre d’arrêt atteint
SL
Tanakorn Koomrampai ,CMT, CFTe
FB page (International) : facebook.com/graphtechniq
FB page (Thai) : facebook.com/graphtechnic
Line @graphtechnic
FB page (International) : facebook.com/graphtechniq
FB page (Thai) : facebook.com/graphtechnic
Line @graphtechnic
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Tanakorn Koomrampai ,CMT, CFTe
FB page (International) : facebook.com/graphtechniq
FB page (Thai) : facebook.com/graphtechnic
Line @graphtechnic
FB page (International) : facebook.com/graphtechniq
FB page (Thai) : facebook.com/graphtechnic
Line @graphtechnic
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.