Binary Signal Pattern 11

Binary Signal Pattern 11

Bullish Engulfing

The bullish engulfing candlestick pattern is a pair of two candles. The first body is the same color as the current trend, the second is the opposite color, the second candle completely “engulfs” the real body of the first candle. The bullish engulfing pattern is found in a downward trend. A bullish engulfing pattern can be identified when a small red/black candlestick showing a bearish trend is followed by a large green/white candlestick. The Bullish Engulfing pattern represents a complete change in the sentiment of investors. Bullish candlestick is one of the important pattern therefore you should give attention to. These can be useful for buy signals, but in order to trade them we have to be able to recognize the reliable patterns from the many false Signals.