Candlestick Patterns
Engulfing Bearish
The Engulfing Bearish is a bearish reversal pattern represented by two candles. The second candle totally engulfs the first one and starts a downward movement. During an uptrend or upward movement, the first candle is still increasing, however, the bears respond aggressively creating a red candle that engulfs the previous one. Represented by a long decreasing candle, the sellers take over the market and push the price down. This pattern usually precedes to lower prices due to the higher pressure of the supply on the price. Therefore, it will signal a sell if selected in your automated strategy.
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