InvestorsHub Logo

Makamai

08/26/09 12:09 AM

#22428 RE: mike93433 #22382

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