Look Who it Was Random video

🀄 Candlestick Patterns: Doji Candle, engulfing, fake candles, nose pin, candlepin, reversal candle

2,361 views · Published 2 October 2018 · 6:32 · Indexed 14 November 2026

Channel: BO Turbo Trader · 2018 · Education

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Indicators: 
EMA 3     (blue)
EMA 20   (yellow)
EMA 50   (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

A bullish engulfing pattern occurs in the candlestick chart of a security when a large white candlestick fully engulfs the smaller black candlestick from the period before. This pattern usually occurs during a down trend and is thought to signal the beginning of a bullish trend in the security. The Bullish Engulfing Candlestick Pattern is a bullish reversal pattern, usually occuring at the bottom of a downtrend. The pattern consists of two Candlesticks: Smaller Bearish Candle (Day 1)

A bearish engulfing pattern is a technical chart pattern that may portend a future bearish trend. The pattern consists of a small white candlestick with short shadows or tails followed by a large black candlestick that eclipses or "engulfs" the small white one. Forex Engulfing Candles. There are two types of engulfing candles, a bullish engulfing candle and a bearish engulfing candle. 

The Bullish Engulfing pattern is a two-candle reversal pattern. The second candle completely 'engulfs' the real body of the first one, without regard to the length of the tail shadows. The Bullish Engulfing pattern appears in a downtrend and is a combination of one dark candle followed by a larger hollow candle. 

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