Indicators and patterns
2/17/2025
Indicators and patterns
The Engulfing Pattern is a candlestick pattern that can indicate a potential reversal in the market. In this case, it is a bearish Engulfing Pattern, which suggests a possible shift from a bullish to a bearish trend. The pattern consists of two candles, where the second candle completely engulfs the body of the first candle.The signal generated by a bearish Engulfing Pattern is to sell, as it suggests that the bears have taken control and the price may start to decline. In this specific instance, the bearish Engulfing Pattern occurred on the 15-minute chart of the BTC/USD pair at a price of 95336.93 on February 17, 2025, at 16:45 UTC. Traders may interpret this signal as an opportunity to enter a short position or to close existing long positions.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
