ENGULFING PATTERN
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Judul : ENGULFING PATTERN
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6.4 Expect a pattern at the end of a downtrend, a small black candle precedes a long white candle. The body of the small black candle completely engulfs the body of the long white candle. The downward pressure of the extended downtrend is being overcome by buyers entering the market aggressively given the recent decline. This creates a long white candle with a strong effect.
body color body area upper shadow area lower shadow area
body color body area upper shadow area lower shadow area
Black is the end of a trend or decline.
white, big, small
That is, during an up move and when prices are falling, the presence of a small black body means that the shorts are expected to maintain the direction of the load. When the bears show signs of weakness, the bulls turn to the attractiveness of the price and enter the market aggressively. When demand exceeds supply and sentiment becomes positive, prices rise to higher levels.
Demand/supply exceeds supply.
positive feeling
hard direction.
Consider buying a trigger when the next candle is above the high of the long white candle.
You are now reading the article ENGULFING PATTERN with link address https://veronikatomczak.blogspot.com/2022/08/engulfing-pattern.html
Judul : ENGULFING PATTERN
ENGULFING PATTERN
6.4 Expect a pattern at the end of a downtrend, a small black candle precedes a long white candle. The body of the small black candle completely engulfs the body of the long white candle. The downward pressure of the extended downtrend is being overcome by buyers entering the market aggressively given the recent decline. This creates a long white candle with a strong effect.
body color body area upper shadow area lower shadow area
body color body area upper shadow area lower shadow area
Black is the end of a trend or decline.
That is, during an up move and when prices are falling, the presence of a small black body means that the shorts are expected to maintain the direction of the load. When the bears show signs of weakness, the bulls turn to the attractiveness of the price and enter the market aggressively. When demand exceeds supply and sentiment becomes positive, prices rise to higher levels.
Demand/supply exceeds supply.
positive feeling
hard direction.
Consider buying a trigger when the next candle is above the high of the long white candle.
That's the article ENGULFING PATTERN
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You are now reading the article ENGULFING PATTERN with link address https://veronikatomczak.blogspot.com/2022/08/engulfing-pattern.html
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