from Peak Prosperity
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And it comes at an ominous milestone.
Despite market prices remaining at maximum stupid heights, we’ve seen some notable weakness, volatility and a rare ‘bearish engulfing’ this week.
All of these are advance indicators we would expect to see preceding a fall in prices.
So, what exactly is a ‘bearish engulfing’?
It’s term used by technical analysts to describe a relatively infrequent event when a rise in price is immediately eclipsed by a larger drop in price, suggesting that sellers now outnumber buyers.
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