Bearish Engulfing Pattern ~ forex trading hours in gmt
Bearish Engulfing pattern criteria
1. Located at the top of an uptrend, even if the uptrend has been short.
2. The body of the first blue candle is completely engulfed by the body of the second red candle.
Shadows are not a consideration.
3. When the engulfing pattern occurs after a fast move up there will be less stock to slow down the
reversal move.
4. When the engulfing body engulfs more than one previous candle body there is more power in the
reversal.
5. If the engulfing body engulfs the body and the shadow of the previous candle there is more power in the reversal.
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Bearish Engulfing pattern |
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