Bullish Engulfing

Bullish Engulfing:

How to recognize it?

There must be a preceding downtrend.
A shorter red candle followed by a longer green candle.
The green candle opens lower and closes higher than the red candle ,completely engulfing it.

How do we trade it?

Look for the Bullish Engulfing at the bottom of a downtrend.
Wait for the next candle to close above the high of the green candle to confirm the existence of bullish force.
Open a long position upon confirmation.
Place a stop loss below the low of the green candle.

Bullish Morning star

Tweezer Top and Bottom

 

Bullish Engulfing

 

Bullish Concealing Baby Swallow

 

Bearish Engulfing

Bearish Upside Gap Two Crows

 Bangla

 

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September 11, 2018