Navigation

Engulfing Pattern

A reversal pattern that can be bearish or bullish depending upon whether it appears at the end of an uptrend bearish engulfing pattern or downtrend bullish engulfing pattern. The first candle is characterized by a small body, followed by a candle whose body completely engulfs the previous candle’s body.

"He is rich or poor according to what he is, not according to what he has."
Henry Ward Beecher
Clicky Web Analytics