BlogTechnical AnalysisCandlestick PatternBullish Engulfing Pattern

Bullish Engulfing Pattern

IntroductionA Bullish Engulfing Pattern is a powerful candlestick pattern that signals a potential reversal in a downtrend. This pattern is formed when a small bearish candlestick is followed by a larger bullish candlestick that completely engulfs the previous candlestick’s body. The bullish candlestick opens lower than the previous candle’s low and closes higher than the […]
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