Bullish Engulfing Pattern

Bullish Engulfing Pattern

In candlestick charting, a pattern with a small, black candle (representing a trading day with a loss) followed by a larger, white candle (representing a trading day with a gain). The closing price and high price in the white candle must both be higher than those in the black candle. A bullish engulfing pattern usually, but not always, comes during a bearish trend; it may be a signal that the trend is approaching its bottom and is about to become bullish.
References in periodicals archive ?
A bullish engulfing pattern consists of two candlesticks.
Following a bullish engulfing pattern, an inside month signals consolidation and is a continuation pattern.
However, Friday's spike of Dollar strength reversed loses to show a slightly imperfect Bullish Engulfing pattern.