Bullish Engulfing Pattern: Meaning, Strategy, and Examples
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What To Do When You See These Candle Sticks 🕯️ ➤ Bullish Engulfing: Big green candle swallows the previous red one after a decline. Demand is back. Enter on close or wait for the next bar. ➤ Bearish Engulfing: Big red candle swallows the previous green one after a rally. Sellers took over. Enter short on close or next bar. ➤ Hammer: Small body, long tail underneath, forms after a selloff. Buyers stepped in and pushed price back up. Go long if the next candle holds above the hammer's high. ➤ Sho
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