Bearish Engulfing, Bearish Divergence & at resistance level
1 Trade Pullback to 0.382 Fib / Trendline and resume uptrend? or break through?, Place stop above high of candle. 2 Trade Break through trendline and pullback to support / 0.786 Fib, we can expect rebound and test of trendline, if stock sentiment has turned bearish it will probably miss short of retracing all the way back to trendline. Place stop above candle which breaks the trendline.