Indication-Bullish reversal
Reliability-High
Description-This pattern is a more reliable addition to the standard Engulfing pattern.
A bullish Engulfing pattern occurs in the first two candles.
The third candlestick is confirmation of the bullish trend reversal.
Reliability-High
Description-This pattern is a more reliable addition to the standard Engulfing pattern.
A bullish Engulfing pattern occurs in the first two candles.
The third candlestick is confirmation of the bullish trend reversal.