CONDITIONS FOR BEARISH ENGULFING:
1. Significant price hike. ( Yes present)
2. Following a series of positive candles, a sudden appearance of negative candle engulfing the previous day positive candle. (Yes present)
3. Slight rise in the trade volume in the previous 2 days. (yes present)
4. Its time to take short position.
Hi,
Your observation is good
Thank you Naresh. 🙂