MRCB: BULLISH ENGULFINGUsing Fibo. retracement is better to understand key support and resistance level. Major resistance is marked at .740 and .790. The closing day price on this Monday, 30th July 2018 is critical for Dow Theorist follower in deciding whether to buy or wait for another month. Close higher than .810, that's a buy signal. Close lower? That means they need to wait.
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My favourite Hatori Kun Cloud also has further confirmed a bullish engulfing will be on the hands of Monday's Last Trade Price (LTP).