Dark Cloud Cover on SBK

A dark cloud cover has formed on SBK which is a top reversal signal, so we can expect a downwards move.

A dark cloud cover follows a preceding up trend where a red candle opens up above the previous day's green candle and closes 50% below it's body.

This particular pattern has formed on quite a strong resistance level which solidifies the signal.
We will look at entering a short position if it trades around the 17200 level with a target around the previous support level of around 16000.

Ordem cancelada:

Cancelled the order on this one as it has gone in the opposite direction to what was expected