You are viewing a single comment's thread from:RE: BITCOIN (BTC) Update: Wave IV Projection MathematicsView the full contextView the direct parenthaejin (85)in #bitcoin • 7 years ago I believe a bearish engulfing candle needs the red body to overencompass the prior green body.
Nah, that's just small technicality. The important thing is that the engulfing bar is much larger than the previous bar, and that is closes near the lows, which this one has - sort of.
Ehh, I disagree. Thought I'm not an expert in Japanese Candles, it hasn't worked very well for me.