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| Bearish Engulfing Reversal Candlestick Pattern |
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| Written by Al Parsai | |
| Tuesday, 10 February 2009 | |
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Bearish Engulfing pattern is a two candle pattern. The first candle is either bullish or a doji. The second candle is bearish and preferably with a long real body. The real body of the second - more recent - candle covers the real body of the first - older - candle. If this pattern appears on top of an uptrend it could be a significant reversal sign (see image).
The bearish engulfing pattern is to some extent similar to the outside reversal day pattern. There are, however, some differences depending on how you define outside reversal day.
Relevant article: The Engulfing Pattern
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| Last Updated ( Monday, 23 February 2009 ) |
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