What is an Engulfing Candles Patterns?
What Does Engulfing Candlestick Mean? Engulfing Candle Definition
Engulfing candles setup is a reversal candle pattern that can be bullish or bearish depending upon if it appears at the end of a market downwards trend or at the end of a market up trend.
What is an Engulfing Candlesticks Patterns in Gold Trading?
Bullish & Bearish Engulfing Candles Setups
Color of the first candle reflects gold trend of the day.
The second candle-stick should completely engulf the first candle & the candle should have the in the opposite market trend color.
For Bullish Engulfing candlesticks setup the color of the candle should be Blue
For Bearish Engulfing candlesticks setup the color of the candle-stick should be Red
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