2. The Bullish Engulfing Pattern is formed at the end of a downtrend. A white body is formed that opens lower and closes higher than the black candle open and close from the previous day. This complete engulfing of the previous day's body represents overwhelming buying pressure dissipating the selling pressure.
3. We had volume
4. +DI Crosses -DI
5. MACD is going up
6. RSI is up
7. CMF was way oversold
8. We come from a historical low
We got stopped at the 50DA. Once we break it ... 0.003.
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