Binary Signal Pattern 4

Binary Signal Pattern 4

Bearish Engulfing

The Bearish Engulfing Candlestick Pattern is considered to be a bearish reversal candlestick, usually occurring at the top of an uptrend. The pattern consists of two Candlesticks. The first day candle is green/white and second day candle is red/black. The length of the first day green candlestick is not important. It can even be a Doji or short body candle, but the second day candle has to be a normal or long red candlestick. The red body of the Bearish Engulfing Pattern should be longer than the previous green body.