Bullish and bearish engulfing candles concept Educational Series
Price Action concept series
Engulfing pattern
Engulfing means to coverup small thing with larger thing.
It is a pattern which shows counter attack made by bulls or bears.
Bullish Engulfing
Whenever the entire of body red candles(Bear) is covered by Big green candle(Bull) then it is called Bullish engulfing candle. This pattern shows presence of bulls in market and bear are completely trapped. Significance of this candles generally seen when instrument is at crucial support or in bull territory where price has bottomed.
Bearish Engulfing
Whenever the entire of body green candles(Bull) is covered by Big red candle(Bear) then it is called Bearish engulfing candle. This pattern shows presence of bears in market and bulls are completely trapped. Significance of this candles generally seen when instrument is at crucial resistance or in bear territory where price has top.
Please Like,share and follow my profile for more such educational tutorials.
