Daily Traders Edge

The Tell: ‘Bearish engulfing’ pattern vies for financial-sector sway with bullish ‘abandoned baby’

February 20
13:24 2016

A “bearish engulfing” reversal pattern appeared in the exchange-traded fund tracking financial stocks, to warn of a deeper selloff, less than a week after a bullish “abandoned baby” pattern suggested a bottom may be in place.

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