What is a pattern of engulfing candlesticks?
On a price chart, engulfing candlestick patterns consist of two bars.They are used to signal a market turn around.The second candlestick will be much larger than the first, covering or "engulfing" the entire length of the bar before it.
On a price chart, engulfing candlestick patterns consist of two bars.They are used to signal a market turn around.The second candlestick will be much larger than the first, covering or "engulfing" the entire length of the bar before it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.