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ma1 Engulfing Patterns

on Mon Mar 30, 2015 2:31 pm
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Engulfing patterns -- there is a bullish and bearish engulfing pattern. A bullish engulfing pattern is comprised of a large whie real body which engulfs a small black real body in a downtrend.The bullish engulfing pattern is an important bottom reversal. A bearish engulfing pattern (a major top reversal pattern), occurs when selling pressure overwhelms buying pressure as refleccted by a long black real body engulfing a small white real body in an uptrend.
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