Binary Signal Pattern 12

Binary Signal Pattern 12

Bearish Engulfing

A Bearish Engulfing Pattern is a reversal candlestick pattern made by a pair of two candles and it is the exact opposite that of the Bullish Engulfing pattern. The first candle is bullish in nature and the second is bearish and completely “engulfs” the real body of the first candle. It is called “Bearish Engulfing” because the real body of the second candle engulfs the real body of the first candlestick. The bearish engulfing pattern appears in an uptrend or near a resistance area when a small green/white candlestick showing a bullish trend is followed by a large red/black candlestick the next day. It is one of the important pattern it can be useful for sell signal.