Bearish
engulfing candlestick chart pattern is a strong reversal candlestick
chart pattern. It usually may be found on the top of an uptrend. Most
of the traders, in the world use this candlestick pattern almost all
trading systems. If you want to find it, you have to see in a up trend. So, price will be in a uptrend. The first period of candlestick or the first candlestick will be a bullish candlestick. The second will be a bearish candlestick. The opening price of the bearish candlestick will be above the first candlestick, the bullish candlestick. The closing price of the bearish candlestick will be down than the bullish candlestick.
If above criteria meet in a chart, You have got a bearish engulfing candlestick pattern.
It has high probability to indicate about a reversal. A Engulfing candlestick pattern wherever, it is bullish engulfing pattern of bearish engulfing candlestick pattern, has a great chance to give you high probability trade, If you can recognize them in a chart well. It bears importance in price action trading also.
However, Now check out a broad image about bearish engulfing candlestick pattern..........
Major Factors of Bearish Engulfing Candlestick Chart Pattern.....
1. price in a up trend,
2. A bullish candlestick has come.
3. the bearish candle has been opened with a gap, or above the bullish candlestick closing price.
4. A bearish candlestick has come.
5. The bearish candlestick has been closed below the bullish candlestick.
6. And, finally, this is a bearish engulfing candlestick chart pattern.
Now,
we will show you Bullish engulfing pattern and Bearish engulfing
pattern together, so that you can remember them easily
...................
- Candlestick Basic(You have to know)
- How to read a candlestick chart?
- Bearish Engulfing
- Bullish Engulfing
- Doji
- Evening star
- Morning star
- Dark cloud cover
- Hammer
- Hanging Man
- Harami
- Inverted Hammer
- Piercing Pattern
- Shooting star
- Tweezers Top
- Tweezers Bottom
- Windows
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