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.
Aug 11, 2022 15:15