💚 Bullish Engulfing
(Buying engulfing)
🔸 What does it mean?
Bullish reversal pattern = the market was going down and started to turn upwards.
🔸 Order:
First candle is small and bearish (red or black color).
Second candle is bullish (green or white color) and completely engulfs the body of the first candle.
🔸 Where does it appear?
At the end of a downward trend = a strong buying signal 💪
🔸 Signal?
🚀 Probability of an increase!
-------------------
💔 Bearish Engulfing
(Selling engulfing)
🔹 What does it mean?
Bearish reversal pattern = the market was going up and started to decline.
🔹 Order:
First candle is small and bullish (green or white color).
Second candle is bearish (red or black color) and completely engulfs the body of the first candle.
🔹 Where does it appear?
At the end of an upward trend = a selling signal and their dominance 👊
🔹 Signal?
📉 Probability of a drop!
