I'm testing a new strategy which is, when we get two engulfing candles in the three hour timeframe at a support/resistance zone where in this case, we have:
Green Candle - Red Engulf - 3 - 4 - Green Candle - Red Engulf (6 candles).
My expectation is this will go down to retest previous support/resistance at around .382 retracement. RR is about 1:1