Bullish Engulfing Pattern

Table of Contents

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 […]