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.

2 Comments
  1. Naresh 5 years ago

    Hi,
    Your observation is good

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