Bullish Engulfing

Bullish Engulfing Reversal Pattern

Definition:
Bullish Engulfing is a two bar bullish reversal pattern and develops after a down leg. The first bar has a small real body and is followed by a second bullish bar with a white real body that completely engulfs the previous bar's range.

Practical Use:
Technical analysts will often use the Bullish Engulfing candlestick pattern as a buying opportunity when in context of another bullish chart pattern.

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Bullish Engulfing Reversal Pattern

Chart Example