79% of the time, this pattern is a bearish reversal. Althought it doesn't imply a lasting reversal, the short-term future is a bit more clear.
thepatternsite.com/BearEngulfing.html
thepatternsite.com/BearEngulfing.html
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.