Candlesticks signal that Mr. Market has likely made a decision regarding direction. Odds are over 90%.
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D, any thoughts on how many more days for this retracement?
Alicia, from the candle’s theory perspective, after a bearish engulfing, expect at least one month of lower prices. It could be a few first weeks and a recovery after. However, a multi-month decline is also very possible, about 80% of chance.