Bearish Engulfing is a bearish reversal pattern in an uptrend, with a small white candle followed by a large black candle that fully "engulfs" it, suggesting bears are gaining control.
This results in an abrupt bearish reversal during strong uptrends which cause panic selling among bulls resulting in heavy selling pressure. While engulfing patterns occur less frequently than ...
“Bitcoin is developing a bearish engulfing weekly candlestick formation,” pseudonymous crypto trader Rekt Capital told their 518,900 X followers in a Dec. 19 post. Bearish pattern can’t be ...