Engulfing Pattern

From Forexpedia

Jump to: navigation, search

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.

Image:engulfing-pattern.gif
"Concentrate all your thoughts upon the work at hand. The sun's rays do not burn until brought to a focus."
Alexander Graham Bell
Clicky Web Analytics