Candlestick Patterns
Engulfing Bullish
The Engulfing Bullish is a bullish reversal pattern represented by two candles. The second candle totally engulfs the first one and starts an upward movement. During a downtrend or downward movement, the first candle is decreasing, however, the bulls respond aggressively creating a green candle that engulfs the previous one. Represented by a long increasing candle, the buyers take over the market and push the price up. This pattern usually precedes higher prices due to the higher pressure of the supply on the price. Therefore, it will signal a buy if selected in your automated strategy.
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