An engulfing pattern forms on a candlestick chart when a small candle is followed by a larger candle that reaches outside the previous candle’s trading range. The new larger candle will make both a higher high and lower low than the previous smaller candlestick before it on the chart. Engulfing candlestick patterns can be bullish […]
The post Engulfing Patterns appeared first on New Trader U.
Original source: https://www.newtraderu.com/2023/02/10/engulfing-patterns/
