Sunday 15 June 2014

Bullish Engulfing Candlestick Pattern

Bullish Engulfing is bottom reversal.
The bullish Engulfing candlestick Pattern could be a bullish reversal pattern, usually occurring at the bottom of a downtrend.
The bullish Engulfing pattern consists of two bodies. The primary body (first body) is the same as the current trend, the second is the opposite.

Identification of Bullish Engulfing Candlestick Pattern
The bullish engulfing candlestick is a well-known candle pattern composed of two candles.
The first is a bears candle followed by a bull one.
The bull candle should have a close above the prior open and an open below the prior close.
The body of the bull candle should engulf or overlap the body of the bears.


Bullish Engulfing Candlestick Pattern
 First Day - Bearish Candle 
    Second Day  - Bullish Candle

Bullish Engulfing Candlestick Pattern

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