Bullish Engulfing Pattern

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A reversal trading pattern that typically occurs after a signifcant downtrend. It occurs when a small bearish candle is engulfed by a large bullish candle. This signals a possible reversal. Ignore the wicks. An even stronger signal occurs when the bullish candle engulfs the bodies of two or three previous candles.

Image:bullish-engulfing.gif


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