How to identify potential trading oppotunity with engulfing pattern?
As we know, markets never move in one direction forever. There are two major types of market movements: continuation and reversal.
Now it is generally believed that the market is in a downward trend. However, some mooers may wonder how long it will last. How to identify potential trading opportunities in such a situation?
So today, Cici will introduce some useful candlestick patterns, which may be applied to forecast the future direction of price movement to some degree—— bullish and bearish engulfing patterns.
A bearish engulfing pattern is the opposite of a bullish engulfing pattern.
More details are shown in the picture below:
There are so many different types of candlestick patterns, and it needs time to gradually understand and master them. Can't wait to learn more about them? Follow Cici and always keep an eye on Cici's sharing!
For any questions, contact Cici whenever needed~![]()
Cici always stands by for any questions or suggestions and will answer them as soon as possible.![]()
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Silverbat : Useful trading knowledge
Kiifer : sure will be studying those charts. would be nice to glance at one and have the odd in my favor. I need a video or something to watch a million times. lol
Moo-ney : Easy to understand