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Bearish Engulfing

Hit Rate:

82 %

Candle Count:

2 Candles

Outlook:

Bearish Reversal

About the Pattern:

  • the first candle must be bullish

  • the second candle must be bearish

  • the body of the second candle must cover the body of the first candle

Outlook:

  • the end of an uptrend and start of a downtrend

  • the end of a pullback, resuming a downtrend

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