What is an Engulfing Candles Patterns in Forex? - Engulfing Candle Pattern

What Does Engulfing Candlestick Mean? Engulfing Candlestick Definition

Engulfing candlesticks pattern is a reversal candlestick pattern which can be bearish or bullish depending upon whether it appears at the end of a market downtrend or at the end of a market uptrend.

What is an Engulfing Candles Patterns in Forex? - Bullish and Bearish Engulfing Candles Patterns - Candlesticks Pattern

Technical Analysis of Bullish and Bearish Engulfing Candles Patterns

Color of the first candlestick indicates trend of the day.

The second candle stick should completely engulf the first candlestick and it should have opposite color.

For Bullish Engulfing candlesticks pattern the color of the candlestick should be Blue

For Bearish Engulfing candles pattern the color of the candlestick should be Red