Wednesday 19 August 2015

Engulfing

Let's us start by seeing an engulfing pattern in real market

 1. Bullish Engulfing

2. Bearish Engulfing


Criteria of ENGULFING pattern:
1. the first and the second candle stick must have a different colour
2. the body ( i just mention the body not the tail) of the second candle must engulf the body of the first candle

You will see this pattern occur very often in your screen. This pattern indicate a strong price movement.

You can't trade this pattern alone, you must combined it with trend and level to get the best trading set up.

Enjoy your trade!

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