Bearish Engulfing is seen with high volume. This indicates a expected fall in price.
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I think is not a bearish engulfing since there is no uptrend for the past day. Can you please help to understand the same
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Could be. May be some one can explain better. @naresh?
The Bearish Engulfing Candlestick Pattern is considered to be a bearish reversal pattern which is usually occurring at the top of an uptrend. Here the prior trend is already in a downtrend so, it doesn’t act as a bearish engulfing.