IBM: Engulfing Sell‑Off With Short Zone and Long Term Buy ZoneInternational Business Machines CorporationBATS:IBMConnectmyCurrencyInternational Business Machines (IBM) has just printed a massive monthly bearish engulfing candle into the top of its rising channel, so I’m treating this as a potential exhaustion phase on the higher timeframe. If price gives a relief rally back into my marked Sell zone, I’ll look to build a short position with the channel high and engulfing candle high as my invalidation area. If we instead see a continuation sell‑off from here, I’ll stand aside on the short and prepare to execute the second leg of the plan: A higher‑timeframe long from the lower buy zone, aligned with prior demand and channel support. Both paths use the same thought process fade strength into monthly supply, then be ready to buy size into major demand if the correction extends. If you’d like to study the methodology behind this idea, you can read more about my process and background in the profile bio.