What Is The Engulfing Candlestick Pattern & How To Trade With It

Engulfing Candlestick Pattern

The Engulfing Candlestick Pattern signals a possible reversal of the current market trend. It consists of two candles, where the second candle engulfs the first one. What is the Engulfing Candlestick Pattern? The second candle in the Engulfing Candlestick Pattern is greater in length than the first candle. Both candles can be bearish or bullish, depending on the trend. The second candle closes above the previous candle’s open and opens below the first candle. Here’s what the Engulfing Candlestick Pattern looks like on a chart. The Engulfing Candlestick Pattern helps traders look for reversals in the current trend, giving them …READ MORE