PART2❤️‍🔥

Double Japanese Candlestick Patterns

These are patterns that provide signals consisting of two candlesticks, between which there is a potential reversal area for the current market trend.

The engulfing candlestick pattern (reversal)

Is a reversal pattern consisting of two candlesticks that can be positive or negative. The positive pattern occurs at the end of a downtrend and consists of a large bullish candlestick that engulfs the previous bearish candlestick.

The larger the body of the bullish candlestick, the greater its engulfing of the previous candlestick, thus increasing the strength of the bullish pattern and its ability to reverse the price direction upward, especially if the pattern occurs at a strong support level or at the end of a prolonged downtrend, or both, which increases the chances of reversal...

While the negative engulfing pattern occurs at the end of an uptrend and consists of a large bearish candlestick that engulfs the previous bullish candlestick.

The larger the body of the bearish candlestick, the greater its engulfing of the previous candlestick, thus increasing the strength of the bearish pattern and its ability to reverse the price direction downward, especially if the pattern occurs at a strong resistance level or at the end of a prolonged uptrend, or both, which increases the chances of reversal..