Tuesday, August 25, 2015 5:05:26 PM
August 25, 2015 at 11:13 am #9180 EDIT | CLOSE | STICK (TO FRONT) | MERGE | TRASH | SPAM | REPLY | QUOTE
Ospreyeye
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2101
Definition
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The white body that is formed on the second day completely engulfs the black body of the preceding day.
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