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Just a quick rundown on the Engulfing Candlestick Patterns from our infographic 🕯 👇
- Bullish Engulfing: A small red candle followed by a large green one suggests a trend reversal to the upside. We want the next candle to close higher for confirmation.🔼
- Bearish Engulfing: A small green candle followed by a large red one signals a possible downturn. If the following candle closes lower, that confirms it.🔽
Keep these patterns in mind when planning trades! 🧠💵
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