EDZ NYSE
Direxion Daily MSCI Emerging Markets Bear 3x
SHORT
Close
12.08
Prev.Close
12.40
Change
-0.3200
Change%
-2.58%
BEARISH ENGULFING
Sold at
12.13
Open
12.20
High
12.26
Low
12.02
Close
12.08
Gain%
-0.44%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to SHORT. The BEARISH ENGULFING pattern finally received a confirmation because the prices crossed below the confirmation level which was at 12.22, and our valid average selling price stands now at 12.13. The previous BUY signal was issued on 11/22/2023, 6 days ago, when the stock price was 12.25. Since then EDZ has fallen by -0.95%.
The bears have strong evidence and this evidence prompts us to make a bearish bet. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a SHORT signal is generated. Follow the signal and profit from the bearish enthusiasm before it is too late. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.
This pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal. more...
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