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MarketMinds
Sep 23, 2020 12:02 AM

Bullish Engulfing on important Support level Long

Basic Attention Token / BitcoinBinance

Description

Hello, traders.

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. On the second day of the pattern, price opens lower than the previous low, yet buying pressure pushes the price up to a higher level than the previous high, culminating in an obvious win for the buyers.

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Comments
InkyGrip
amazing work here! 🦐👍🏻
CobraVanguard
great
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