Bearish engulfing candle

What is a Bearish Engulfing Candle?

A bearish engulfing candle forms on a chart when a small body candle is inside the range of the next large down candle which can be black or red depending on chart settings. When a two candle bearish engulfing pattern happens near the top of an uptrending chart or when a chart has an overbought […]

What is a Bearish Engulfing Candle? Read More »