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      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
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