April 18, 2024

Bullish Engulfing Pattern

Bullish Engulfing Pattern is a popular candlestick pattern used by technical traders as a sign for potential strength in the market. It occurs when a smaller black candlestick is followed by a larger white candlestick, suggesting that the bulls are taking control of the market. Traders look to buy when this pattern appears and prices begin to move higher due to the increased buying pressure. Use this pattern to identify potential reversals in the trend and capitalize on the resulting upside movements.

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