16. Bearish Engulfing:
Bearish Engulfing is a multiple candlestick pattern that is formed after an uptrend indicating a bearish reversal.
It is formed by two candles, the second candlestick engulfing the first candlestick. The first candle being a bullish candle indicates the continuation of the uptrend.
The second candlestick chart is a long bearish candle that completely engulfs the first candle and shows that the bears are back in the market.
Traders can enter a short position if next day a bearish candle is formed and can place a stop-loss at the high of the second candle.