Engulfing candlestick pattern The engulfing candlestick pattern is a bullish candlestick pattern that indicates strength in a downtrend. This pattern consists of two candlesticks: The first ...
“Bitcoin is developing a bearish engulfing weekly candlestick formation,” pseudonymous crypto trader Rekt Capital told their 518,900 X followers in a Dec. 19 post. Bearish pattern can’t be ...