Bullish Engulfing Candlestick Pattern - School

What is The Bullish Engulfing Pattern?

The Bullish Engulfing Pattern comprises two candlesticks and indicates a bullish reversal. The second candlestick completely engulfs the first one, which is how this pattern was named.

The Bullish Engulfing pattern consists of two candlesticks
The Bullish Engulfing is bullish reversal trend pattern

Understanding The Bullish Engulfing Pattern.

The Bullish Engulfing Pattern is a candlestick pattern that is formed using two candlesticks. The first candlestick is a bearish candle and indicates a continuing downtrend. The second candlestick continues downwards below the first candlestick but quickly reverses and closes above the first candlestick in a bullish reversal. The second candlestick is bigger than the first one and completely engulfs it in this pattern.

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