Volume is also crucial here; a bearish engulfing pattern with strong volume behind it adds credibility to the signal. The evening star is a three-candlestick pattern that signals a potential bearish ...
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 ...