Bullish Engulfing Pattern

Bullish Engulfing Pattern





The Bullish Engulfing Pattern which is a two-stick pattern and its name comes from the fact that the signal candle has engulfed the previous candle. The engulfing candle is characterised by having both the wick and the body completely covering the previous candle, and then some. Effective engulfing patterns should be found at the end of a trend, like a Bearish trend for example and when it looks like the Bear run is coming to an end, keep a look out for a Bullish engulfing candle.

Some examples of the Bullish Engulfing Candle Patterns on various timescales on the Tradingview Chart Platform.

Bullish Engulfing Pattern

 

 

So with price showing little strength for a time as both Bulls and Bears are trying to take control, finally the Bulls summon their strength to form the Engulfing Candle and take price way up in to a Bull run.

 

 

Bullish Engulfing Pattern

 

 

A good Engulfing Candle, the Bears only had control for a short while before the Bulls came straight back to take control.

 

 

Bullish Engulfing Pattern

 

 

This has got to be a perfect example of the Bullish Engulfing Candle, the Bears had been in control taking price down in to a Bear trend, only for the Bulls to come in with strength to reverse the Bearish performance and take price right back up again, if a trade had been placed on this candle it would have been a nice winner.

Bullish Engulfing Pattern

 

 

In this final example, the Bears had control in a small trend for a short while before the Bulls came straight back to take control and keep price where they wanted it.

 

 

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