Bearish Engulfing
The bearish engulfing pattern is a two-bar candlestick pattern that begins with a bullish candlestick and is followed by a more dominant bearish candlestick. The characteristics of the Bearish Engulfing pattern are as follows:
The first candle is a bullish candlestick.
The second candle is a bearish candlestick with a body that is larger than the first candle, so it looks like it covers the body of the first candle.
The bearish engulfing pattern provides an indication that selling pressure has overcome buying pressure. This indicates a possible reversal from an uptrend to a downtrend. Traders often exploit this pattern as a signal to short-sell or sell an asset in hopes of buying it back at a lower price.
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The bearish engulfing pattern is a two-bar candlestick pattern that begins with a bullish candlestick and is followed by a more dominant bearish candlestick. The characteristics of the Bearish Engulfing pattern are as follows:
The first candle is a bullish candlestick.
The second candle is a bearish candlestick with a body that is larger than the first candle, so it looks like it covers the body of the first candle.
The bearish engulfing pattern provides an indication that selling pressure has overcome buying pressure. This indicates a possible reversal from an uptrend to a downtrend. Traders often exploit this pattern as a signal to short-sell or sell an asset in hopes of buying it back at a lower price.
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$BTC $ETH