On the past 2 years, round all the bearish engulfing with an important asymmetry between the red and the green candle (a ration above 8 to 10) were sell signal.
5 patterns, from the 2020-09-16 to the 2021-10-08, mean drop the tomorrow (D1) at the closing from the closing price of D0 : -1.2% (and -1% the day after tomorrow (D2) from the end of D0).
For all patterns without looking to the asymmetry: 11 patterns, from 2020-03-20 to the 2021-10-08, mean drop: -0.4% (-0.26% at D2).
Sell (or short) know in the pre-market.
Then look at the end of the day to your favourite technical indicators to know what to do.
Even if we are close to the resistance, it could still go higher. Bulls were strong those past days.
5 patterns, from the 2020-09-16 to the 2021-10-08, mean drop the tomorrow (D1) at the closing from the closing price of D0 : -1.2% (and -1% the day after tomorrow (D2) from the end of D0).
For all patterns without looking to the asymmetry: 11 patterns, from 2020-03-20 to the 2021-10-08, mean drop: -0.4% (-0.26% at D2).
Sell (or short) know in the pre-market.
Then look at the end of the day to your favourite technical indicators to know what to do.
Even if we are close to the resistance, it could still go higher. Bulls were strong those past days.
