Bullish Engulfing Candle

[Wayne_gft3]

BULLISH ENGULFING

Bullish Engulfing Bar tells us the market is no longer under the control of the Seller and the Buyer will dominate the market.

When a Bullish Engulfing candle is formed during an UPTREND, it indicates a signal continuation and when a Bullish Engulfing candle is formed during a DOWNTREND, it is very likely that a change of trend to an UPTREND can happen.

 

[shahzad105]

bulsh angulfing candle is sign of trend change from breash to bulish

 

[Trader8472]

BULLISH ENGULFING

Bullish Engulfing Bar tells us the market is no longer under the control of the Seller and the Buyer will dominate the market.

When a Bullish Engulfing candle is formed during an UPTREND, it indicates a signal continuation and when a Bullish Engulfing candle is formed during a DOWNTREND, it is very likely that a change of trend to an UPTREND can happen.

Need to check the placement of the candle such as on a natural support (such as EMA200) or on a price support /resistance or trend line. Also the Timeframe is important as M1 patterns are very weak.