An engulfing candle is a pattern that appears at the end of a trend.
Downtrend or end of uptrend in price.
This pattern consists of two candles, the first of which is bearish.
In the first example, a second bullish candle comes to engulf it.
bearish candle,
We also notice in the second example in the picture that the direction is
Up then a bearish engulfing candle appears to engulf the candle
Previous.
This pattern is considered one of the price action candle patterns that
Through it you can confirm the entry point in your deals.
The traded according to the success rate of the deal is high
Bigger if the pattern is true.
Don't forget to support us so we can continue publishing 🥰 ☺️ 🙏.
