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Post# of 94865
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FLretiree88

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FLretiree88

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Wednesday, 02/01/2017 5:09:30 PM

Wednesday, February 01, 2017 5:09:30 PM

Post# of 94865
Correct, today's pattern was not consolidation.
Technically, in candlesticks, what you have is a "bearish engulfing pattern" when you look at a daily chart.
When the candle opens above then falls to close below the prior session's open this indicates that supply has overpowered demand, hence the bears have taken control.
This is a definite sell signal.
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