Education
Updated

Bitcoin Cash (BCHZ18) Bullish Engulfing (Learning)

1532
What is a Bullish Engulfing Pattern
A bullish engulfing pattern is a candlestick chart pattern that forms when a small black candlestick, showing a bearish trend, is followed the next day by a large white candlestick, showing a bullish trend, the body of which completely overlaps or engulfs the body of the previous day’s candlestick.


You can trade this signal with a tight stop loss at the low of the engulfing candle.

I am trading LONG on BCHZ18.

If price closes below 0.0332, this signal gets invalidated.

Sharing for learning. Hit LIKE!

Namaste.

Trade active
Beautiful. This is an educational article.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.