Hey everyone, 👋
Here's a quick overview of the Engulfing Candlestick Patterns: 🕯📊
Bullish Engulfing: When a small red candle 🔴 is followed by a larger green candle 🟢, it may mean the price is going to rise 📈.
We look for the next candle to close higher 🔼 to confirm the trend is going up.
Bearish Engulfing: When a small green candle 🟢 is followed by a larger red candle 🔴, it could mean the price is going to drop 📉.
If the next candle closes lower 🔽, that confirms the downtrend.
Keep these patterns in mind when you're making trade decisions! 💡💰
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