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From the models of bullish Japanese candlesticks 💹 🕯️ 🕯️🕯️🕯️🕯️🕯️
Bullish Engulfing Pattern:
This pattern consists of two consecutive candles, the first one where the price has decreased, 📉 but followed by a candle that opened below the closing price of the previous candle, yet it rose 📈 and closed at levels higher than the opening of the previous candle. It is preferable for the shadows of both candles to be as small as possible to increase the credibility of the candles. When the bullish engulfing candle appears after a downward trend, it indicates the likelihood of a price movement reversal, and the price tends to rise in the upcoming time period.
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