strong uptrend, but bearish engulfing signals 1–3 bars of weakness.
Goldman Sachs keeps a classic uptrend structure, though a bearish engulfing pattern hints at a near-term pullback risk.
The longer trend remains positive with higher highs/higher lows and moving averages sloping up in the proper order. A bearish engulfing pattern after Thursday/Friday candles suggests the next few bars could turn lower, potentially setting up a pullback within the broader uptrend.