admin
03-16-2018,
Its not a bullish engulfing pattern as the price opened up half way up the previous days candle.
A bullish engulfing pattern opens up normally below the previous days low and finishes above the high of the previous days candle. Also it should appear near a known support for better chance of a success.
A bullish engulfing pattern opens up normally below the previous days low and finishes above the high of the previous days candle. Also it should appear near a known support for better chance of a success.