U.S. Dollar IndexShort
DXY - SHORT - GOLDEN WAVE INC
DXY - SHORT - GOLDEN WAVE INC
Bearish Engulfing pattern
The market should be in a clearly identifiable trend. The first candle is the color of the short-term trend (upward) or doji. The second candle is the reverse color (down). The second candle body surrounds the previous candle body. Ignore the wicks (shadows). The size of the wrapped candle body does not matter. A stronger signal is obtained when 2 or more candle bodies are covered by a single candle body.
Bearish Engulfing pattern
The market should be in a clearly identifiable trend. The first candle is the color of the short-term trend (upward) or doji. The second candle is the reverse color (down). The second candle body surrounds the previous candle body. Ignore the wicks (shadows). The size of the wrapped candle body does not matter. A stronger signal is obtained when 2 or more candle bodies are covered by a single candle body.
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