Intra-day Bearish Engulfing Pattern
Bullish Engulfing Pattern
- Bearish Engulfing Pattern
- Intra-day Bearish Engulfing Pattern
The following 15-minute chart of Verizon (VZ) is of the 2-day period comprising the Bearish Engulfing Pattern example on the prior page:
- Day 1: As is seen in the chart above, Day 1 was an up day, closing near the day's high (bullish sentiment).
- Day 2: The open was a gap up, a very bullish sign; nevertheless, the bulls ran out of buying pressure and prices fell the rest of the day, closing near the day's lows (bearish sentiment) and lower than Day 1's lows.
The Bearish Engulfing Pattern's opposite is the Bullish Engulfing Pattern (see: Bullish Engulfing Pattern).
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