✨The Engulfing Pattern is an important and well-known candlestick pattern that indicates a potential reversal in the market trend. This pattern consists of two candles and shows how the buying and selling power in the market is changing.

✅There are two types:

1. Bullish Engulfing (Buying Signal)

2. Bearish Engulfing (Selling Signal)

Bullish Engulfing occurs when a small bearish (red) candle is followed by a large bullish (green) candle that completely engulfs the first candle. This indicates that buyers have taken control of the market, and the price may go up.

Bearish Engulfing occurs when a small bullish candle is followed by a large bearish candle that completely engulfs the first candle. This indicates that sellers have taken over the market, and the price may go down.

✨This pattern is more effective when it appears at a strong support or resistance level. Using it with caution and confirmation can make it a powerful signal.

*malik_g707*