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RCM forms Bullish Engulfing at Lower Boundary
An Intraday setup to go long
RCM has been in an upward rising channel and price has tried to break down the lower boundary. However, the last session showed there are still buyers at this level and the session ended with a bullish engulfing pattern.
I am expecting some bullishness in the short term in the new session. This bullishness could be for short term or medium term.
The whole rising channel is part of a big correction and the opportunities only arise within this channel.
RCM has been in an upward rising channel and price has tried to break down the lower boundary. However, the last session showed there are still buyers at this level and the session ended with a bullish engulfing pattern.
I am expecting some bullishness in the short term in the new session. This bullishness could be for short term or medium term.
The whole rising channel is part of a big correction and the opportunities only arise within this channel.
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