Honeywell's stock price looks like it will turn downward

I have been watching the Honeywell daily stock chart over the last few months.  It has been on an upward climb for the last 5+ months.  Just recently the trend of the stock started to turn sideways, and seems to be hitting a resistance around $57.50. (Chart 1)

Chart 1: Honeywell - last 6 months

Today after the market closed I looked at the stock and noticed that today's candlestick engulfed the candlesticks of the last two trading days.  This is a bearish signal that indicates the stock is going to drop in value in the future.   The right most candlestick in red, that has a black bracket next to it, is engulfing the previous two candlesticks in green. What makes it an engulfing pattern is the body of the red candlestick is larger than the two previous candlesticks combined. I expanded the last few weeks of the chart so that you could see the engulfing pattern more clearly.(Chart 2)

Chart 2: Engulfing pattern

Keep your eyes on this one.  You might want to consider shorting this stock in the near future.  As always, do your own homework on any stock that I mention. 

Happy Investing!