The #1 Power Of A Chart Patterns Analysis

Am feeling low on courage and energy because of this i decided to do some yard maintenance work 😊

Just to remove my negative thoughts even as we trade mental health is very important.

Am following this awesome newsletter watchlist recommend to me by Tim Sykes.

This i where I got the idea of how to trade a break down strategy.
👇Let's look at this chart analysis together 👇

What you are looking at on the chart
Is called the Bearish Engulfing Pattern.

This is when the Red candlestick on the right is longer than the green candlestick on your left.

Also notice the rocket booster strategy on the downside:

1-The price is below the 50 EMA
2-The price is below the 200 EMA
3-The price is gapped down

The last step is very important now the a look at the the RSI moving averages the have crossed in a resistance zone...

In order to learn more about it rocket boost this content.

Disclaimer ⚠️ Trading is risky please learn more about risk management and profit taking strategies.Also feel free to use a simulation trading account before you use real money.