Candlesticks - 4 | Bullish and Bearish Engulfing Patterns | Technical Analysis for Everybody | FT9ja

Technical Analysis for Everybody by FT9ja
Section 2: Candlestick 101
Video 8: Bullish and Bearish Engulfing Patterns

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The Bearish Engulfing pattern follows an uptrend, signaling a potential shift. The second candle fully engulfs the first, indicating increased selling pressure and potential for a downtrend.

Conversely, the Bullish Engulfing pattern appears after a downtrend, hinting at an upturn. Here, the second candle engulfs the first, showing heightened buying activity—a glimmer of hope for an upward trend.

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