š For beginners:
Candlestick Patterns ā The Bullish Engulfing
A Bullish Engulfing pattern occurs when a small red candlestick is followed by a larger green candlestick that completely "engulfs" the red one. This pattern often indicates a potential reversal from a downtrend to an uptrend.
How to Use It:
Look for this pattern at the end of a downtrend.
Confirm with increased trading volume.
Use it in conjunction with other indicators like RSI or MACD for better accuracy.
Recognizing candlestick patterns can enhance your trading decisions.
