Engulfing candlestick pattern

Engulfing

Engulfing is a trend reversal candlestick pattern made up of 2 bars.It can be considered as reversal signal in the current trend.

The bearish trend reversal Engulfing: The 1st bar is bullish and continues the uptrend; The 2nd bar is bearish and its Open price is higher than the 1st bar's Close price; The 2nd bar's Close price is lower than the Open price of the 1st bar.

The bullish trend reversal Engulfing: The 1st bar is bearish and continues the downtrend; The 2nd bar is bullish and its Open price is lower than the 1st bar's Close price; The 2nd bar's Close price is higher than the Open price of the 1st bar.

We use our proprietary data-mining algorithm to capture specific price movement and pattern performance.
Under certain circumstances, a Bullish pattern can also perform as a Bearish pattern, and a reversal pattern can be changed into a continuation pattern.

If you want to find out the performance of this pattern in real market, not in theory, our data mining results are your must have reference.

• Engulfing Pattern data mining result (2014 Daily, Bearish reversal)

• Engulfing Pattern data mining result (2014 Daily, Bullish reversal)

• Engulfing Pattern data mining result (2014 Monthly, bearish reversal)

• Engulfing Pattern data mining result (2014 Monthly, Bullish continuation)

• Engulfing Pattern data mining result (2014 weekly, bearish reversal)

• Engulfing Pattern data mining result (2014 weekly, Bullish continuation)

The following pictures are taken from our Candlestick Pattern Indicator (Thinorswim version).