$BNB Engulfing candle
It should be noted here that this pattern consists of two candles.
The first candle is bearish
The second candle is bullish
It closes above the opening price of the first candle (that is, the second candle engulfs the first candle in size)
The larger and longer the second candle is in size, the better. This model indicates that the trend is bearish and will change to bullish. Of course, this is an upward engulfing pattern.
As for the bearish engulfing pattern, it is the exact opposite of the bullish pattern, as the first candle is bullish and the second candle is bearish. This pattern indicates an upward trend and will change to a bearish trend.
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