ST Engulfing

Main purpose: "Pin Bars" is designed to automatically detect pin bars on financial market charts. A pin bar is a candle with a characteristic body and a long tail, which can signal a trend reversal or correction. How it works: The indicator analyzes each candle on the chart, determining the size of the body, tail and nose of the candle. When a pin bar corresponding to predefined parameters is detected, the indicator marks it on the chart with an up or down arrow, depending on the direction of

Introduction and Description The indicator displays an arrow whenever a " Bearish Engulfing " is detected. The latter usually indicates the beginning of a downward trend. A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up candlestick followed by a large down candlestick that eclipses or "engulfs" the smaller up candle. The pattern can be important because it shows sellers have overtaken the buyers and are pushing the price m

This indicator has been created for finding the probable reversal points of the symbol price. A small candlestick reversal pattern is used it its operation in conjunction with a filter of extremums. The indicator is not redrawn! If the extremum filter is disabled, the indicator shows all points that have a pattern. If the extremum filter is enabled, the condition works – if the history Previous bars 1 candles back contains higher candles and they are farther than the Previous bars 2 candle, such

This indicator scans for you up to 30 trading instruments and up to 8 timeframes for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. This FREE Version of the Scanner scans only EURUSD and GBPUSD. The full version of the sca

Indicator automatically draw bullish and bearish engulfing without any rules. Bearish and Bullish engulf is well known area for supply and demand area marking. This indicator can be used in any strategy that required supply demand zone. Show Last Engulf : Enable this option to show unfresh engulfing  Candle to calculate : set 0 will load all history bar and can use up more memory Bearish Engulfing Colour : Pick any colour that suit Bearish Engulfing Colour  : Pick any colour that suit -Use thi

This indicator identifies the most popular   Harmonic Patterns   which predict market reversal points.  These harmonic patterns are price formations that are constantly repeating in the forex market and suggest possible future price movements /    Free MT5 Version Dashboard Scanner for this indicator: ( Basic Harmonic Patterns Dashboard ) Comparison of "Basic Harmonic Pattern" vs. "Basic Harmonic Patterns Dashboard" Indicators Feature Basic Harmonic Pattern Basic Harmonic Patterns Dashboard

The indicator allows you to trade binary options. The recommended time frame is М1 and the expiration time is 1 minute. The indicator suitable for auto and manual trading. A possible signal is specified as a arrows above/under a candle. You should wait until the candle closes! Arrows are not re-painted Trade sessions: LONDON and NEWYORK section Currency pairs: GRB/USD Working time frame: M1 Expiration time: 1 minute. The indicator also shows good results when using the martingale strategy - "Mar

The Candle GAP indicator is an essential tool for traders utilizing Gap Trading Strategies as it automatically identifies candle gaps for each day of the week. A gap refers to a price level difference between the close and open of two consecutive days. This indicator recognizes four types of gap patterns: Common, Breakaway, Continuation, and Exhaustion. By incorporating this indicator into any chart, traders can validate their signals and enhance their trading decisions. One of the key features

This is a modified Fractals indicator. It works similar the original Bill Williams' indicator, and is additionally enhanced with the possibility to change the top radius, in contrast to the standard radius of 2 bar. Simply put, the indicator checks the top and if it is the minimum/maximum in this radius, such a top is marked by an arrow. Advantages Adjustable radius. Use for drawing support and resistance levels. Use for drawing trend channels. Use within the classical Bill Williams' strategy or

Contact me for any queries or custom orders, if you want to use this in an EA. Key Features: Pattern Recognition : Identifies Fair Value Gaps (FVGs) Spots Break of Structure (BOS) points Detects Change of Character (CHoCH) patterns Versatile Application : Optimized for candlestick charts Compatible with any chart type and financial instrument Real-Time and Historical Analysis : Works seamlessly with both real-time and historical data Allows for backtesting strategies and live market analysis V

The indicator displays signals according to the strategy of Bill Williams on the chart. Demo version of the indicator has the same features as the paid, except that it can work only on a demo account . Signal "First Wise Man" is formed when there is a divergent bar with angulation.  Bullish divergent bar - with lower minimum and closing price in the upper half. Bearish divergent bar - higher maximum and the closing price at the bottom half. Angulation is formed when all three lines of Alligat

PPR and Engulfing is a unique technical indicator designed to identify the "PPR" and "Engulfing" patterns on currency charts in the MetaTrader 4 (MT4) trading platform. These patterns can indicate potential trend reversals or continuations, providing traders with valuable signals for entering and exiting the market. Key Features: Automatic Pattern Detection : The indicator automatically identifies and marks PPR and Engulfing patterns with arrows on the chart. Visual Signals : Green upward arrows

The indicator highlights the value in "over Sold" and "over Bought" zones. in addition, arrow indicates the return of the value from the extreme zone. Indicator can be easily customized by the user including change of colors, with, levels and arrows. Combination with other market signals and analysis is necessary and provides more stable results. Alert is also available for user.

Wicks UpDown Target GJ Wicks UpDown Target GJ is specialized in GJ forex pairs. Choppy movement up and down on the opening range every day.  Trading breakouts on London session and New York session is recommended. Guideline Entry Strategy Idea: Step 1 - Breakout Forming (Warning! Trade on London Session and New York Session) Step 2 - Breakout Starting (Take Action on your trading plan) Step 3 - Partial Close your order & set breakeven (no-risk) Step 4 - Target complete Step 5 - Don't tr

The indicator allows you to trade binary options. The recommended time frame is М1 and the expiration time is 1 minutes. The indicator suitable for auto and manual trading. A possible signal is specified as a arrows above/under a candle. You should wait until the candle closes! Arrows are not re-painted Trade sessions: London and New York section Currency pairs: AUD/CAD Working time frame: M1 Expiration time: 1 minute The indicator also shows good results when using the martingale strategy - "Ma

Multi Divergence Indicator for MT4 - User Guide Introduction Overview of the Multi Divergence Indicator and its capabilities in identifying divergences across multiple indicators. Importance of divergence detection in enhancing trading strategies and decision-making. List of Indicators RSI CCI MACD STOCHASTIC AWSOME MFI ACCELERATOR OSMA MOMENTUM WPR( Williams %R) RVI Indicator Features Indicator Selection:  How to enable/disable specific indicators (RSI, CCI, MACD, etc.) for diverg

Master Candle (MC) Indicator automatically detects "Master Candles", also known as "Mother Candles", i.e. candle that engulf several candles that follow them. See screenshots. You can choose how many candles Master Candle should engulf. By default it is set to 4. Feel free to change colour and thickness of lines as it suites you. I find this indicator to be very useful to identify congestions and breakouts, especially on 60 minutes charts. Usually if you see candle closing above or below "Mast

The Trend Catcher: The Trend Catcher Strategy with Alert Indicator is a versatile technical analysis tool that aids traders in identifying market trends and potential entry and exit points. It features a dynamic Trend Catcher Strategy , adapting to market conditions for a clear visual representation of trend direction. Traders can customize parameters to align with their preferences and risk tolerance. The indicator assists in trend identification, signals potential reversals, serves as a trail

"Ppr PA" is a unique technical indicator created to identify "PPR" patterns on the currency charts of the MT4 trading platform. These patterns can indicate possible reversals or continuation of the trend, providing traders with valuable signals to enter the market. Features: Automatic PPR Detection: The indicator automatically identifies and marks PPR patterns with arrows on the chart. Visual Signals: Green and red arrows indicate the optimal points for buying and selling, respectively. Arrow

The indicator rely on The Toby strategy >> The mother candle which is bigger in range than the previous six candles. A vertical line shows the last Toby Candle with the targets shown up and down. The strategy is about the closing price out of the range of the toby candle to reach the 3 targets..The most probable to be hit is target1 so ensure reserving your profits and managing your stop lose.

The indicator allows you to trade binary options. The recommended time frame is М1 and the expiration time is 1 minute. The indicator suitable for auto and manual trading. A possible signal is specified as a arrows above/under a candle. You should wait until the candle closes! Arrows are not re-painted Trade sessions: TOKYO section (Half end) and LONDON section (First half) Currency pairs: EUR/USD Working time frame: M1 Expiration time: 1 minute. The indicator also shows good results when using

--- FREE VERSION - WORKS ONY ON EURUSD ------------------------------------------------------------------- This is a unique breakout strategy that is used for determination of the next short term trend/move. The full system is available on MQL5 under the name "Forecast System". Here is the link -->  https://www.mql5.com/en/market/product/104166?source=Site Backtest is not possible, because calculations are done based on the data of all timeframes/periods. Therefore I propose you use the technol

Discover the power of precision and efficiency in your trading with the " Super Auto Fibonacci " MT4 indicator. This cutting-edge tool is meticulously designed to enhance your technical analysis, providing you with invaluable insights to make informed trading decisions. Key Features: Automated Fibonacci Analysis: Say goodbye to the hassle of manual Fibonacci retracement and extension drawing. "Super Auto Fibonacci" instantly identifies and plots Fibonacci levels on your MT4 chart, saving you tim

The technical indicator, in real time, searches for candlesticks that exceed the size set in the settings and gives signals about them. As a rule, such abnormally large candles appear either at the beginning of strong impulses or at the end of a directional price movement. At the beginning of the pulse, the signal can serve as a basis for searching for an entry point, at the end of the movement, it is a sign of a climax and may indicate the near end of the trend. The reference size for filtering

I present an effective tool for determining the reversal on the H4 timeframe. The indicator is installed on the M30 chart. All parameters are already set.                                                                                                          Proper use of the indicator: Unfortunately, the test in the tester will not give a correct idea about the indicator, so the rent for one month is as affordable as possible. You do not need to install the file on a remote server. Install it

Basic supply demand   indicator is a powerful tool designed to enhance your market analysis and help you identify key areas of opportunity on any chart. With an intuitive and easy-to-use interface, this free Metatrader indicator gives you a clear view of supply and demand zones, allowing you to make more informed and accurate trading decisions /   Free MT5 version Dashboard Scanner for this indicator: ( Basic Supply Demand Dashboard ) Features The indicator   automatically   scans the chart fo

This indicator shows trading sessions using colored candles. It's made for volume profile and supply/demand traders to quickly see when specific candles are formed during different times or trading sessions. Take a look at the screenshots for a usage example. Core Features: Different colors for bullish and bearish candles, allowing users to distinguish between bullish/bearish candles.

FIBO ALERT https://www.mql5.com/en/market/product/34921 This indicator draws a fibonacci retracement (high and low) of a candle. It alerts  and notifies  the user whenever price touches or crosses the fibonacci levels. INPUTS ON Alert: set to true will alert pop up  whenever price crosses levels at chart time frame. ON Push: set to true will send push notification to phone whenever price crosses levels at chart time frame. ===== FIBO (High & Low) ===== Time Frame: indicator draws fibonacci lev

The indicator allows you to trade binary options. The recommended time frame is М1 and the expiration time is 1 minutes. The indicator suitable for auto and manual trading. A possible signal is specified as a arrows above/under a candle. You should wait until the candle closes! Arrows are not re-painted Trade sessions: London and New York section Currency pairs: EUR/GRB Working time frame: M1 Expiration time: 1 minute The indicator also shows good results when using the martingale strategy - "

When prices breakout resistance levels are combined with   Larry Williams' Percentage Range "WPR"   oscillator breaks out its historical resistance levels then probability emerges to record farther prices.   It's strongly encouraged to confirm price breakout with oscillator breakout since they have comparable effects to price breaking support and resistance levels; surely, short trades will have the same perception. Concept is based on find swing levels which based on number of bars by each side

Gann Made Easy is a professional and easy to use Forex trading system which is based on the best principles of trading using the theory of W.D. Gann. The indicator provides accurate BUY and SELL signals including Stop Loss and Take Profit levels. You can trade even on the go using PUSH notifications. PLEASE CONTACT ME AFTER PURCHASE TO GET MY TRADING TIPS PLUS A GREAT BONUS! Probably you already heard about the Gann trading methods before. Usually the Gann theory is a very complex thing not only

Official Release price of $65 for the first 48 /50   copies ( 2 copies left). Next price is $120 !  Send us a message after your purchase to receive more information on how to get your  BONUS  for FREE  that works in great combination with Bull vs Bear ! Bull versus Bear is an easy-to-use Forex indicator that gives traders clear and accurate signals based on clear trend retests . Forget about lagging indicators or staring at charts for hours because  Bull vs Bear provides real-time entries

- Real price is 80$ - 40% Discount ( It is 49$ now ) Contact me for instruction, add group and any questions! Related Products:  Bitcoin Expert , Gold Expert Introduction The breakout and retest strategy is traded support and resistance levels. it involves price breaking through a previous level.  The break and retest strategy is designed to help traders do two main things, the first is to avoid false breakouts. Many false breakouts start with a candlestick that breaks out of a level but ends w

Visit our all-new   Stein Investments Welcome Page   to get the latest information, updates and trading strategies. FX Volume is the FIRST and ONLY volume indicator that provides a REAL insight into the market sentiment from a broker's point of view. It provides awesome insights into how institutional market participants, like brokers, are positioned in the Forex market, much faster than COT reports. Seeing this information directly on your chart is the real game-changer and breakthrough solut

First of all Its worth emphasizing here that this Trading Indicator is   Non-Repainting , Non Redrawing and Non Lagging Indicator   Indicator, Which makes it ideal from both manual and robot trading.  User manual: settings, inputs and strategy . The Atomic Analyst  is a PA Price Action Indicator that uses Strength and Momentum of the price to find a better edge in the market. Equipped with Advanced filters which help remove noises and false signals, and Increase Trading Potential. Using Multipl

Gold Stuff is a trend indicator designed specifically for gold and can also be used on any financial instrument. The indicator does not redraw and does not lag. Recommended time frame H1. At it indicator work full auto  Expert Advisor EA Gold Stuff. You can find it at my profile. Contact me immediately after the purchase to get   personal bonus!  You can get a free copy of our Strong Support and Trend Scanner indicator, please pm. me! Settings  and manual here   SETTINGS Draw Arrow - on off. dra

Halloween Promotion   until Sunday 11-03-24  with a 40% discount on the original price!  This indicator is unstoppable when combined with our other indicator called  Support & Resistance . After purchase, send us a message and you will get it   for  FREE as a BONUS! Introducing Trend Punch , the revolutionary forex trend indicator that will transform the way you trade! Trend Punch is uniquely designed to provide precise buy and sell arrows during strong market trends, making your trading d

The trend detection indicator will compliment any strategy and can also be used as an independent tool. IMPORTANT! Contact me immediately after the purchase to get instructions and a bonus! Recomedation for work with indicator #8 Benefits  Easy to use; does not overload the graphic wih unnecessary information. The ability to use as filter for any strategy. Contains bult -in dynamic levels of cupport and resistange,  which can be used both, for profit taking, and for settings up stop-losses. The

An exclusive indicator that utilizes an innovative algorithm to swiftly and accurately determine the market trend. The indicator automatically calculates opening, closing, and profit levels, providing detailed trading statistics. With these features, you can choose the most appropriate trading instrument for the current market conditions. Additionally, you can easily integrate your own arrow indicators into Scalper Inside Pro to quickly evaluate their statistics and profitability. Scalper Inside

Trading GOLD, and currencies, with the dog walk strategy  - super smart Trading GOLD, and currencies, with the breakout strategy  - super easy Visit our all-new   Stein Investments Welcome Page   to get the latest information, updates and trading strategies. FX Power MT4 NG  is the next generation of our long-time very popular currency strength meter, FX Power.  And what does this next-generation strength meter offer? Everything you have loved about the original FX Power  PLUS GOLD/XAU stre

FX Levels is an exceptionally accurate support and resistance indicator that merges the traditional Lighthouse method with an innovative dynamic approach, functioning flawlessly across all trading symbols. This includes currency pairs, indices, stocks, or commodities. FX Levels identifies reversal points and displays them on the chart, which can be ideally utilized as profit targets in your trading activities. In developing FX Levels, we have used our extensive experience with brokers and the v

The Stochastic Basket Currency Strenght  brings the Stochastic indicator to a new level.  Expanding the boundaries of TimeFrames and mono-currency analysis, the SBCS take the movements of each currency that composes the cross and confront them in the whole basket of 7 crosses.  The indicator works with any combination of AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD pairs and with full automation takes in account every stochastic value (main line) for the selected Time Frame.  After that, the indicator

Halloween Promotion   for   24 hours only   with a   40%   discount on the original price!  $̶6̶5̶  $39 ONLY!  Please contact me after purchase to immediately get your PDF strategy + documentation for Trend Pulse !  Introducing Trend Pulse , a unique and robust indicator capable of detecting bullish, bearish, and even ranging trends! Trend Pulse uses a special algorithm to filter out market noise with real precision. If the current symbol is moving sideways, Trend Pulse will send you a

TPSpro TRENDPRO  - is a trend indicator that automatically analyzes the market and provides information about the trend and each of its changes, as well as giving signals for entering trades without redrawing! The indicator uses each candle, analyzing them separately. referring to different impulses - up or down impulse. Exact entry points into transactions for currencies, crypto, metals, stocks, indices!  Version MT5             DETAILED DESCRIPTION              R ecommended to use with an indi

Stratos Pali Indicator   is a revolutionary tool designed to enhance your trading strategy by accurately identifying market trends. This sophisticated indicator uses a unique algorithm to generate a complete histogram, which records when the trend is Long or Short. When a trend reversal occurs, an arrow appears, indicating the new direction of the trend. Important Information Revealed Leave a review and contact me via mql5 message to receive My Top 5 set files for Stratos Pali at no cost! D

Unlock the Power of Trends Trading with the Trend Screener Indicator: Your Ultimate Trend Trading Solution powered by Fuzzy Logic and Multi-Currencies System! Elevate your trading game with the Trend Screener, the revolutionary trend indicator designed to transform your Metatrader into a powerful Trend Analyzer. This comprehensive tool leverages fuzzy logic and integrates over 13 premium features and three trading strategies, offering unmatched precision and versatility. LIMITED TIME OFFER : Sup

Reversal-Arrow: Identify Reversal Points with Precision and Reliability Reversal-Arrow is an advanced indicator designed to assist traders of all levels in spotting potential trend reversals. It focuses on providing clear and visual signals to help you better understand market context, reducing uncertainty and facilitating decision-making. Reversal-Arrow is optimized specifically for XAUUSD and XAUEUR pairs on 1-minute, 5-minute, and 15-minute timeframes, where it performs at its best. However,

A key element in trading is zones or levels from which decisions to buy or sell a trading instrument are made. Despite attempts by major players to conceal their presence in the market, they inevitably leave traces. Our task was to learn how to identify these traces and interpret them correctly. INSTRUCTIONS    RUS    -    ENG            R ecommended to use with an indicator   -   TPSpro  TREND PRO -  Version MT5 Main functions: Displaying active zones for sellers and buyers! The indicator show

Dynamic Forex28 Navigator - The Next Generation Forex Trading Tool CURRENTLY 49% OFF. Dynamic Forex28 Navigator is the evolution of our long-time, popular indicators, combining the power of three into one: Advanced Currency Strength28 Indicator (695 reviews) + Advanced Currency IMPULSE with ALERT (520 reviews) + CS28 Combo Signals (recent Bonus) Details about the indicator   https://www.mql5.com/en/blogs/post/758844 What Does The Next-Generation Strength Indicator Offer? Everything you loved

LIMITED TIME SALE - 30% OFF, WAS $49, NOW $35! Profit from market structure changes as price reverses and pulls back. The market structure reversal alert indicator identifies when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure which typically occur when a reversal or major pullback are about to happen. The indicator identifies breakouts and price momentum initially, every time a new high or low is formed near a possible exhaust

LIMITED TIME SALE - 30% OFF, WAS $49, NOW $35! This dashboard is an alert tool for use with the market structure reversal indicator. It's primary purpose is to alert you to reversal opportunities on specific time frames and also to the re-tests of the alerts (confirmation) as the indicator does. The dashboard is designed to sit on a chart on it's own and work in the background to send you alerts on your chosen pairs and timeframes. It was developed after many people requested a dash to monitor

This dashboard shows the latest available harmonic patterns for the selected symbols, so you will save time and be more efficient / MT5 version . Free Indicator:   Basic Harmonic Pattern Comparison of "Basic Harmonic Pattern" vs. "Basic Harmonic Patterns Dashboard" Indicators Feature Basic Harmonic Pattern Basic Harmonic Patterns Dashboard Functionality Detects and displays harmonic patterns on a single chart Searches multiple symbols and timeframes for harmonic patterns, displays result

LIMITED TIME SALE - 30% OFF, WAS $49, NOW $35! Automatically draw support and resistance levels PLUS propulsion candle gaps on your chart, so you can see where price is likely to head next and/or potentially reverse. This indicator is designed to be used as part of the position trading methodology taught on my website (The Market Structure Trader) and displays key information for targeting and potential entries. MT version available here:  https://www.mql5.com/en/market/product/97973 There are

Scalper Vault is a professional scalping system which provides you with everything you need for successful scalping. This indicator is a complete trading system which can be used by forex and binary options traders. The recommended time frame is M5. The system provides you with accurate arrow signals in the direction of the trend. It also provides you with top and bottom signals and Gann market levels. The indicator provides all types of alerts including PUSH notifications. PLEASE CONTACT ME AFT

Gold Channel is a volatility-based indicator, developed with a specific timing algorithm for the XAUUSD pair, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the theory of the channel is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel it is a tra

Currently 20% OFF ! Best Solution for any Newbie or Expert Trader! This dashboard software is working on 28 currency pairs plus one. It is based on 2 of our main indicators (Advanced Currency Strength 28 and Advanced Currency Impulse). It gives a great overview of the entire Forex market plus Gold or 1 indices. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all (9) timeframes. Imagine how your trading will improve when you can watch the e

Currency Strength Wizard is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real str

First of all Its worth emphasizing here that this Trading Tool is Non-Repainting Non-Redrawing and Non-Lagging Indicator Which makes it ideal for professional trading . Online course, user manual and demo. The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focuses on

CURRENTLY 26% OFF Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? User manual: click here That's the first one, the original! Don't buy a worthle

Ultimate Gold Advisor for MetaTrader 4 The Ultimate Gold Advisor is an advanced technological tool designed to optimize the trading experience on MetaTrader 4. Created to meet the needs of experienced traders, this indicator combines precision, sophisticated analysis, and versatile functionality, offering support for informed trading decisions. Ideal for gold trading but also applicable across a wide range of assets, the Ultimate Gold Advisor can help you improve your market strategies. What ma

Hello traders, this trading strategy is based on the the Larry Connors RSI-2 strategy, We begin with a 200 periods EMA to find the direction of the market. This is important because we only trade in the main trend direction. We then look for pull backs using the RSI with a period of 2 to get entry signals. Trades are then exited using the 5 EMA. Lot size should be calculated using 1% of 1 the ATR value and positions can be added as long as the entry criterion is met. TRADING IS RISKY AND

Introduction The ST Cross indicator is based on the traditional Moving Average (MA) Cross which uses a fast and slow moving average. Entry signals to buy and sell are given when both moving averages cross. However with the basic strategy there are a lot of false signals. In order to filter the trades we use the 200 (MA) to identify the overall direction of the trend. Input Settings           Master Trend Period     -      200 Period moving average used to get the trend direction.           Fast

In a departure from the conventional approach, traders can leverage the bearish engulfing candlestick pattern as a buy signal for short-term mean reversion trades. Here's how this alternative strategy unfolds: The bearish engulfing pattern, (typically signaling a reversal of bullish momentum) , is interpreted differently in this context. Instead of viewing it as a precursor to further downward movement, we perceive it as an indication of a potential short-term bounce or mean reversion in prices.