Bullish Engulfing is bottom reversal.
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.
First Day - Bearish Candle
Second Day - Bullish Candle
No comments:
Post a Comment