Price has been on an uptrend within a rising wedge which broke out about a month ago. Consolidation followed as the previous breakout level was tested successfully.
Watch out on the lower time frames to see whether we continue to see lower prices in the near future after the bearish engulfing.
Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.