Introduction:
- Definition of the engulfing bar candlestick pattern.
- Description of the bearish engulfing pattern as an important candlestick pattern.
Bearish Engulfing Bar Candlestick Pattern:
- Explanation of the bearish engulfing pattern consisting of two bodies, with the second body fully engulfing the previous one.
- Example of how a bearish engulfing bar pattern looks on a chart.
- Interpretation of the bearish engulfing pattern indicating that sellers are in control of the market.
- Implication of the bearish engulfing pattern occurring at the end of an uptrend as a signal of trend reversal.
Conclusion:
- Cautionary note about the need for other technical tools to confirm entries based on bearish candlestick patterns.