Bearish Engulfing Lines

The Engulfing Lines pattern is the reverse of the Harami pattern.

A reversal pattern which is strongly bearish if it occurs after a significant UpTrend. It occurs when a short bullish (white) candle is contained within a long bearish (black) candle.

 

Recognition Criteria:

·       UpTrend  

·       First line is White

·       Second line is Black

·       First line’s closing and opening prices are between the second line’s closing and opening prices

 

Function: BearEngulfLines()

Trend: Bearish

Type: Reversal