again the same pattern stock aaproaching big red candle high.Will it be able to cross it and fill the gap or reverse?My view is bearish
This pattern is the same as m&m Fin which i had posted last month.The logic behind this pattern is that such abig red candle with big volume is always created by big institutions.Eventually when the price reaches back to that point, big players wont let the price go above their selling price and the price faces tough resistance.
