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Makamai

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Makamai

Re: mike93433 post# 22382

Wednesday, 08/26/2009 12:09:34 AM

Wednesday, August 26, 2009 12:09:34 AM

Post# of 375420
The two examples you gave are not "fully engulfing" candle patterns. A Fully engulfing pattern is one in which the body of the candle which in this case is Red, totally covers the body of the previous day's candle. If the pattern were to occur on a downtrend it would be bullish, however on an uptrend as in this case it is bearish.

Makamai
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