What is bearish engulfing weekly candle?
I am trying to understand a financial term called 'bearish engulfing weekly candle'. I want to know what it means and how it affects the market trends, especially in technical analysis of stocks or other financial instruments.
Is bearish engulfing good or bad?
I'm trying to understand whether a bearish engulfing pattern in technical analysis is considered positive or negative. I want to know if it's a good or bad sign for the market.