The Engulfing Bar Candlestick Pattern

in bearishengulfingbar •  2 years ago 

Introduction:

  • Definition of the engulfing bar candlestick pattern.
  • Description of the bearish engulfing pattern as an important candlestick pattern.

O.png

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.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!