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| Bullish Engulfing Reversal Candlestick Pattern |
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| Written by Al Parsai | |
| Tuesday, 10 February 2009 | |
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Bullish Engulfing pattern is a two candle pattern. The first candle is either bearish or a doji. The second candle is bullish and preferably with a long real body. The real body of the second - more recent - candle covers the real body of the first - older - candle. If this pattern appears at the bottom of a downtrend it could be a significant reversal sign (see image).
The bullish engulfing pattern is to some extent similar to the outside reversal day pattern. There are, however, some differences depending on how you define outside reversal day.
Relevant article: The Engulfing Pattern
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| Last Updated ( Sunday, 22 February 2009 ) |
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