The engulfing candestick pattern can be both a bullish and bearish signal depending on how the candlesticks form. The first candlestick is comprised of a small body candlestick followed by a large candlestick (either positive or negative) that “engulfs” the previous candlestick.
Here is an example of the engulfing candlestick pattern:
Here is an example of the engulfing candlestick pattern:
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