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Bullish Engulfing Pattern

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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.
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When in a downtrend, there is a small black body, not a doji, followed and enclosed by a bigger white body; you have a bullish engulfing pattern.
Candlestick Bottom Reversal Patterns by Sylvain Vervoort / Finance and Investment community
lt;strong>Bullish Reversal Patterns:</strong> <strong>Bullish Engulfing Pattern:</strong> A bullish engulfing pattern consists of two candlesticks.
Introduction To Candlestick Patterns by International Business Times - US ed.
Following a bullish engulfing pattern, an inside month signals consolidation and is a continuation pattern.
Euro Strength Suggested by Candlestick Patterns by Mena Report
 
 
 
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