Bullish Engulfing on important Support level

Тема в разделе "English", создана пользователем Trading Ideas, 23 сен 2020.

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    Bullish Engulfing on important Support level
    Basic Attention Token / Bitcoin BINANCE:BATBTC
    MarketMinds
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    Hello, traders.

    The bullish engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. The Bullish Engulfing pattern appears in a downtrend and is a combination of one dark candle followed by a larger hollow candle. On the second day of the pattern, price opens lower than the previous low, yet buying pressure pushes the price up to a higher level than the previous high, culminating in an obvious win for the buyers.

    Best regards.
     
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