AK Steel Reversal

AK Steel spiked higher today after earnings came out, but that was totally reversed and it’s showing a nice loss now, forming (for the moment, at least….) a larger bearish engulfing pattern.

AK Steel was one of the short ideas mentioned in Saturday’s video. It spiked higher today after earnings came out, but that was totally reversed and it’s showing a nice loss now, forming (for the moment, at least….) a larger bearish engulfing pattern.

(Click on image to enlarge)

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