Engulfing Candlestick Pattern

After a downtrend market at the bottom level when a bearish candle covered by next bullish candle body,then we can say here for bullish engulfing.

In this picture 1, 2 length of the body of last bullish candle. Previous bearish candle fully covered or engulfed by last bullish candle.

This kind of candle formation is called bullish engulfing.

 

Body engulfed by body is enough indication for bullish engulfing pattern.

Previous Candle can be doji in that case last candle should be bullish Marubozu



1.The second candle body should completely cover the first candle body.

2.The second candle should be gap up open.

3.The first candle doji and the second candle can be a bearish Marubozu candlestick.

During to take any action(enter to market) it is best opportunity when we found it near the key level of support or resistance  area.

 

Some one tell Body covered by body.But most of the trader prefer first candle completely engulfed or covered by second candle body.

72 thoughts on “Engulfing Candlestick Pattern”
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