I used to be that trader who glued myself to the screen 24/7 โ drowning in indicators like RSI, MACD, Bollinger Bandsโฆ and still losing money. ๐ It was overwhelming.
Then I changed everything. I simplified. I cut out the noise. Now I focus on one single pattern that has given me some of my best trades ever:
๐ The Bullish Engulfing Candle.
๐ Whatโs the Bullish Engulfing?
Itโs a simple two-candle pattern that signals buyers taking full control:
First: a small red candle (sellers in charge).
Next: a much larger green candle that completely covers the red one (buyers overpower sellers).
When this shows up after a downtrend, itโs often the first clue that momentum is flipping and a strong reversal (pump) could follow. ๐ฏ
๐ My 3-Step Playbook
1๏ธโฃ Spot the Pattern: Scan 4H or Daily charts. Look for a clean Bullish Engulfing after a dip.
2๏ธโฃ Confirm the Context: Check overall market sentiment. Donโt fight the broader trend.
3๏ธโฃ Trade with Discipline:
Entry: just above the high of the green candle.
Stop-loss: below the low of the red candle.
Take-profit: next resistance zone.
Itโs not magic, but it keeps trading simple, visual, and effective. โ
๐ฏ Why This Works
This pattern is basically a battle report: sellers tried, buyers smashed them out. Thatโs why I trust it more than 20 different indicators blinking on my screen.
๐ฌ Have you used this pattern before? Whatโs your go-to simple setup? Drop it in the comments ๐
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