Based on where it occurs in relation to the current trend, the engulfing candlestick can be bullish or bearish. When a bullish engulfing candle develops at the bottom of a downtrend, it implies a reversal of the trend and a spike in purchasing pressure.
The bullish engulfing candlestick is a respectable 63 percent of the time, acting as a bullish reversal, ranking 22 out of 103 candle patterns.
Wait until an up candle engulfs a down candle for an engulfing candle strategy signal during an uptrend. In real-time, enter a long trade when the up candle moves above the opening price (top of the real body) of the down candle.
Important Takeaways A bullish engulfing pattern is formed when a little black candlestick is followed by a massive white candlestick the next day, the body of which totally overlaps or engulfs the body of the previous day's candlestick.
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Digvijay Dattatray Pawale
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Good
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Amir Tufail
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So it's mean that Trends are 3 types : i) Bullish (ii) Barresh (iii) Siteway
And Traders are i) position trader (ii) Swing Trader (iii) Day trader (iv) Scalper Trader
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Bhimani Nirbhay
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good l
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Mohd Abdullah
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Nice
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Bhupendra Yadav
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Sir Its Very Ausome Course And Your Tecnic Is Very For Teaching
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Deepanshu Singh
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Best Technical Analysis Course....
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md arman
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i watch this 4,5 times but really i don't understand the topic.
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