PSEi - black candle, bearish engulfing?

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PSEi = 2833.27 (-0.8%)

PSEi formed a black candle with higher high and higher low. Volume decreased.

PSEi was able to close previous gap down.

PSEi closed near its low and at or below its 32MA. Bearish sign.

PSEi also seems to have formed a bearish engulfing pattern.

Careful traders...
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