How to trade the Bearish Engulfing Pattern?

Trading the Bearish Engulfing Pattern

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identifying the pattern

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Characteristic 1

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Characteristic 2

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Characteristic 3

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Trading the pattern

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Correct time to trade?

Check out how you can create candlestick strategies.

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Trading the Bearish Engulfing Pattern

identifying the pattern

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Characteristic 1

The first candle is green.

Characteristic 2

The second candle is a red candle.

Characteristic 3

The second candle completely covers the 1st candle.

Trading the pattern

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Correct time to trade?

Traders should look for the pattern after a sharp uptrend and near a support level.

Check out how you can create candlestick strategies.