Engulfing
Engulfing is a reversal pattern, especially after a prolonged trend. It has a long body that totoally engulfs the prior day's body.
Bullish Engulfing |
Bearish Engulfing |
Recognition Criteria:
• The first day's color indicates the trend of the trading day.
• The second real body should have the opposite color of the first real body.
• The second day's body should completely engulf the previous day's body.
Notes and references
- http://www.swingtracker.com/content.php?content=candle_engulfing
See also
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