Bullish Engulfing Pattern

A bullish engulfing pattern is also a reversal pattern. Similar to the Bearish Engulfing Pattern but only the opposite. This is very useful on pullbacks on an uptrend move. In a Bullish Engulfing pattern, the buyers are in control of the market than the sellers, thus the movement changes and has more likely to have a follow through. Again, do not trade patterns alone but it is safe to trade it together with you indicators, channels, and supports and resistances level. Always make a concrete plan with your trades. Cheers! Thanks for reading.

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