His boss is characterized by a large white body containing a smaller anterior black body that appears during a downtrend. The white body does not necessarily cover the shadows of the black body, but completely envelops the body itself. This is an important sign for the investment of the fund.
recognition criteria The market is characterized by a downward trend candlestick patterns. A black body is observed on the first day.The white body that forms on the second day completely absorbs the black body of the day before.
The length of the first black luster in Bullish Engulfing is not important. It can even be a doji. The second, however, must be a normal or long white candle. The upper part of the body or the lower part of the body of the two candles may be at the same level, but in any case the white body must be longer than the previous black body.
The buying pressure exceeds the sale and the market ends up closing on the opening of the day before. The downward trend is damaged.
Levels / Stop Loss Purchase
The confirmation level is defined as the last closure. Prices have to confirm your choice at this level.
The level of loss is defined as the last minimum. After the purchase, when prices fall instead of rising and close or make two consecutive daily dips below the stop-loss level forex candlestick patterns, while a bearish model is not recognized, then the
While the market is characterized by a downtrend, the first day there is a lower sales volume with the appearance of a black body. The next day opens the market for new stockings. It seems that there will be more pessimistic operations, but the downward trend loses its momentum and the bulls take the lead during the day.