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Candlestick Patterns Bullish Engulfing Pattern

This pattern is strongly bullish if it occurs after a significant downtrend (i.e., it acts as a reversal pattern). It occurs when a small bearish (filled-in) Candle is
engulfed by a large bullish (empty) Candle.

This pattern is made of two consecutive candlesticks. The word engulfing signifies that the body of second candlestick has engulfed the first candlestick.

Two things clearly visible in this pattern are
1> First Candlestick is small in size while the second one is big in size.
2> Fist Candlestick is black while second one is white.

Can you guess what does this means? Yes, price in second candlestick has gone below the low of first candlestick & yet has come up and finished well above first candlesticks High. This is Bullish signal.






Candlestick Chart Patterns

Candlestick Patterns Long White Candle

Candlestick Patterns Long Black Candle

Candlestick Patterns Hammer

Candlestick Patterns Piercing Pattern

Candlestick Patterns Bullish Engulfing Pattern

Candlestick Patterns Morning Star

Candlestick Patterns Bullish Doji Star

Candlestick Patterns Hanging Man

Candlestick Patterns Dark cloud cover

Candlestick Patterns Bearish Engulfing Pattern

Candlestick Patterns Evening star

Candlestick Patterns Doji Star

1 comment:

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