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Bullish Engulfing Candlestick Pattern

Mon, Oct 18th, 2021
The Bullish Engulfing pattern is a strong reversal signal, especially after a prolonged trend. It's similar to the western reversal pattern, with a green body at the bottom of a downtrend that engulfs the prior day's red body - a potentially bullish signal. Only the real body is important in this formation; shadows are virtually ignored. [View Example]
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