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 Forexpedia Main Page

"Opportunities multiply as they are seized."
Sun Tzu
Clicky Web Analytics