Community Forex Questions
What is a bullish engulfing pattern?
An engulfing pattern occurs when a large white candlestick completely engulfs a smaller black candlestick from the previous period. A bullish trend in security is usually signaled by this pattern during a downtrend. An engulfing pattern suggests a potential reversal in investor sentiment and that the stock has reached its minimum value. Thus, there is a possibility that the stock will move upward in the near future, or bullishly.

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