TradingView
shriyanshvarma
Jul 22, 2021 12:25 PM

Bullish engulfing Long

Dogecoin / TetherUSBinance

Description

The bullish engulfing pattern is formed of two candlesticks. The first candle is a short red body that is completely engulfed by a larger green candle.

Though the second day opens lower than the first, the bullish market pushes the price up, culminating in an obvious win for buyers.

More