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