Bearish Engulfing + RSI > 70 Candel Futures Market
Bearish Engulfing Candle
About:
These signals are generated from the Crypto Scanner Platform. Every 30 minutes, when the specified formula matches any coin, the system sends a sell signal, actively tracking the cryptocurrency market.
Formula:
Bearish Engulfing + RSI > 70
What is a Bearish Engulfing Candlestick?
A bearish engulfing candlestick signals a potential reversal of the existing bullish trend in the market. This specific pattern consists of two candles, where the latter (bearish) candle completely engulfs the previous bullish candle, indicating strong selling pressure.
When combined with an RSI above 70, it further confirms an overbought condition and the likelihood of a bearish trend forming.
This signal is effective for identifying short entry points in the market and is particularly useful on time frames like 30m, 1H, and 4H.
Note: This signal is provided for educational purposes only and does not constitute investment advice. Always employ proper risk management strategies when trading.
