Common Candlestick patterns and uncommon profits

We will look at common candlestick patterns that can generate uncommon profits.

Bearish Engulfing pattern

Introduction Bearish Engulfing candlestick pattern is a two candle pattern . The second candle completely overshadows the first candle. Second candle (i.e) Bearish candle should have a minimum or no wick at all. This pattern indicates that the bears or sellers  are back in business and it increases the probability of a trend reversal. Engulfing patterns are …

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Bullish Engulfing pattern

Introduction Bullish Engulfing candlestick pattern is a two candle pattern . The second candle completely overshadows the first candle. Second candle (i.e) bullish candle should have a minimum or no wick at all. This pattern indicates that the buyers or bulls are back in business and it increases the probability of a trend reversal. Example set …

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