LESSON FOR TODAY
•Bearish Engulfing is a multiple candlestick pattern that is formed after an uptrend indicating a bearish reversal.
•It consists of two candlesticks, the second candlestick is a long bearish candle that completely engulfs the first candle and shows that the bears are back in the market.
•Traders can enter a short position if next day a bearish candle is formed and can place a stop-loss at the high of the second candle.
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