BEARISH ENGULFING CANDLE

 

✍Bearish engulfing candle forms as a trend reversal candle at the end of uptrend. It covers the previous candle upside with the single move. It may cover one or more candles previous to it.

✍Engulfing candle has a great way to assume a potential bottom or top in the market

✍Only bars that form on the hourly time frame or higher should be considered.

✍The engulfing candle confirms after the red candle closes. The red candle formation after the bearish engulfing candle the trend reversal is confirmed.

✍After the confirmation of trend reversal the trade has to be taken by putting high of the engulfing candle as a stop loss for it.

✍The engulfing candle is highly reliable pattern like marubozu candle.

✍As shown in the above image👆 the bearish engulfing candle has formed and the trade has to be taken after the bearish candle formation after it.

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