MEMBERSHIP Login Registration Member Services TOOLS Stocks Indices CandleQuery Top 25 Lists Watch List EDUCATION About Candlesticks Candlestick Terms Indicator Glossary CONTACT US HOME  |
Engulfing Bullish
Trend: Bullish
Reliability: Moderate
How to Identify it
- A long black day occurs
- The second day is a white that completely engulfs the real body of the first day
What it Means
Occurring in a downtrend, the Engulfing depicts an opening at a new low, followed by a high buy-in that closes at or above the previous day’s open. This signifies that the downtrend has lost momentum and the bulls may be gaining strength. The Engulfing indicator is also the first two days of the Three Outside patterns.
Want to know more? Click here for references and deeper knowledge of Candlestick Patterns...
[Login] [Register] [Charts] [Top 25]
[CandleQuery] [Portfolio] [Guide] [Talk Shop] [Home]
admin@candlestickchart.com