How to Trade the Bearish Engulfing Pattern 🏯
Bearish engulfing candlestick pattern. https://ift.tt/2LRxW1R PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! From the Candlestick School series we now review the Bearish Engulfing Candlestick Chart Pattern. This is a powerful pattern and we've talked about this before. Let's examine the best conditions for this pattern and let's see examples on charts so we can see where we can place a stop, how far this thing runs, our risk-reward ratio..etc So when would we take this trade? [or when should we avoid trading it?] I prefer to see a gap above the prior day's high. During that day we undo that gap up but we also take the prior day's close, we take out the prior day's open and we take the prior day's low. So its a full change in sentiment. Bears have rejected the price up. Bulls were happy they got a green candle but for some reason that sentiment changes. You can take this pattern on a break of the low which would increase the probability of success. Related Videos Bullish Engulfing Candlestick Chart Pattern Interpretation 🏯 https://www.youtube.com/watch?v=0OMjPcMEnow Using the Engulfing Candlestick Pattern to Find High Probability Trade Entries 👍 https://www.youtube.com/watch?v=wP4REYiFFfo Bearish Engulfing Candlestick Chart Pattern Interpretation 🏯 https://www.youtube.com/watch?v=7LqdrKcfsZo How to Trade the Bearish Engulfing Pattern 🏯 https://www.youtube.com/watch?v=FyJvVJLNlV8
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