Navigation

Bullish Engulfing Pattern

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.

« Back to Main Page

Back to Forexpedia Main Page

"If A equals success, then the formula is: A = X+Y+Z. X is work. Y is play. Z is keep your mouth shut."
Albert Einstein
Clicky Web Analytics