What is a Bearish Engulfing pattern and how does it work?
You can read this module on Varsity to learn about Candlestick patterns.
simple words, its exiting short-term long buy positions but not- necessarily confirms downtrend
It’s a technical chart pattern that signals lower prices that are about to come. I find this article very helpful on how it works: https://dailypriceaction.com/blog/how-to-trade-the-bearish-engulfing-pattern/