bullish engulfing pattern

Bullish Engulfing Candlestick Pattern

In this article we will discuss how to trade bullish engulfing patterns. 1. What is a Bullish Engulfing Pattern? A bullish engulfing bar or bullish engulfing candle typically forms after an extended fall in the market. It signlas the point where the bears have started to book profits and bulls have started to show interest. The following pointers will help you to identify a bullish engulfing pattern 1. Previous candle is a red candle.