Bullish Engulfing Candlestick Chart Pattern

Key to find:- The Bullish Engulfing Candlestick Chart Pattern occurs at the end of a down trend and consists of a bullish candlestick with body longer than the previous day’s bearish body.
Bullish Engulfing Candlestick Chart Pattern

Bullish Engulfing is a Bullish Pattern.

Bullish Engulfing Candlestick Pattern Characteristic.

1.Trend:- Bearish Trend Reversal.
2.Occurs:- After a Downtrend.
3.No.of Sticks:- 2.
4.Reliability:- High.
5.Confirmation:- Suggested.

Bullish Engulfing Candlestick Chart Pattern Formation.

1) Small body Black or Red on 1st bar. (Bearish Candle).
bullish engulfing

2nd bar close higher than open of 1st bar & open of 2nd bar lower than close of 1st bar. (Bullish Candle).
Bullish engulfing pattern

Bullish Engulfing candlestick criteria.

1.While real body wrap around preceding black real body
2.market in the downtrend.
3.implication:- Market bottoming out
Note:- The Bullish engulfing candlestick doesn’t have to reverse the entire previous bearish candlestick only its body.

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