best forex signals from Bearish Engulfing Pattern summary Published by bestsignals Bearish REVERSAL Engulfing Pattern properties to make the best forex signals free 1. Two candle pattern 2. The first candle has an open real body, in line with the Bull trend 3. The second candle has a filled real body 4. The second candle’s real body surrounds the real body of the first 5. The size and position of the shadows on either candles does not matter 6. The market is in an uptrend when the pattern appears best forex signals from Bearish Engulfing Pattern summary The Bearish Engulfing Pattern is a two candle pattern in a rising market where the second candle has a filled real body that surrounds the open real body before it. This is generally a strong reversal pattern as it often takes a lot of effort and achievement from the bears for it to form. It is one of my particular favourites for this reason. Also it usually coincides with the Western bearish outside day. It should be ignored at your peril! Candlestick Charts Engulfing patterns versus outside days There is a pattern in Western analysis called a bearish outside day, or a key reversal day. The rule set for this is a bear day in a rising market with a high above the previous day’s high and a low below the previous day’s low. In other words the day’s range is outside that of the day before, and a weak close is posted. This is pretty similar to an Engulfing Pattern, but not always, as the candlestick version doesn’t necessarily require a greater range on day two, just a larger (filled) real body. In other words the range doesn’t have to come into the equation BEST forex signals presents free forex trading signals live with Entry, Take Profit and Stop Levels. The best free forex signals send via email, website, SMS, WhatsApp from www.best-forexsignals.com
