Weak performing stocks (low relative strength) that show a bearish engulfing pattern
Understanding the Bearish Engulfing Pattern
How to trade the Bearish Engulfing Pattern?
A short video on how to use the bullish and bearish engulfing candlestick signals to find reversal patterns in any price chart.
In this video, I share 3 ChartMill Trading Ideas to find good short setups. Please note that this is in no way a recommendation to sell stocks short.
Relative strength below 50, the stock has underperformed at least 50% of all other stocks in the database
This filter excludes all stocks that are trading below 5 dollar.
This filter excludes all stocks that have a lower daily average volume than 200K.
The actual Bearish Engulfing signal
10SMA and 20SMA
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