I myself am not a teacher in academic trading or even a financial advisor, but a simple trader like you, also a beginner, and still feel inexperienced. However, I can share any experiences I have had during my time learning the word trading. I never stopped learning every day about the vocabulary needed to know in this field. I have already shared many of them for you who are visitors to my workbook.
Today I will share a summary of the Candlestick pattern called Bearish Engulfing if we had known the so-called Bullish Engulfing almost a month ago.
Bearish Engulfing Pattern occurs after the previous uptrend.
The Bearish Engulfing appears after the Shooting star or Halving Man.
The Bearish Engulfing appears after the Bullish candlestick.
Bearish Engulfing is an important reversal signal.
The candlestick pattern is used by traders using the SnD AND SnR strategy. Because the technical analysis used is based on price action. This article may help you in your trading but as I said above that trading is risk management so you are solely responsible for using the funds in your hands. Although trading is said to be a risk, it does not mean DANGER. It is possible to reduce the risk by applying the rules governing trading.
I wish you all the best of luck in life.
"You Could Be Better Than You Think You Could Be"
Fety Bernard Etienne (Day trader)
