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📊 Engulfing Patterns
Key Trait: When the body of the current candle is larger than the body of the previous candle.
- Bullish Engulfing: Appears after a downtrend; a small red candle is followed by a larger green candle that completely engulfs it. This suggests strong buyer interest and potential reversal to the upside.
- Bearish Engulfing: Appears after an uptrend; a small green candle is followed by a larger red candle, hinting at rising bearish pressure$BTC