Yesterday, the price action almost turned into an engulfing candlestick that swallowed Wednesday’s candle.
![](https://tradersalley.com/wp-content/uploads/2024/03/TSLA_2024-03-22_09-27-59-1024x754.png)
This normally means that the price will continue in the direction of the engulfing candle. In this case, that means it’s going down.
Trade Idea:
22 MAR 2024 $170 PUT