Bearish Engulfing

The functions of the bearish engulfing pattern and the bullish engulfing pattern are exactly opposite. The bearish engulfing pattern typically appears in a bullish trend. The pattern starts with a bullish candlestick, which is then completely engulfed by the next bearish candlestick's body. This pattern creates strong price reversal potential, and the current bullish trend may shift to a new bearish trend. Now please see the bearish engulfing pattern in the chart below:

In the above chart, the engulfed candlestick is bullish (green), while the engulfing candlestick is bearish (red). The body of the second candlestick completely contains the first candlestick, completing the bearish engulfing pattern on the chart. The bearish engulfing pattern may indicate that a new downward trend will begin on the chart.$SOL $BTC $BNB #SparkBinanceHODLerAirdrop #BombieBinanceTGE #BinanceAlphaAlert #SaylorBTCPurchase #MarketRebound