Candlestick Patterns Bullish Signals/ Bullish Engulfing Pattern
Market in down pattern.
White genuine body wraps around preceding small black genuine body.
Market Effects: Bottom turnaround.
Support: The lowest low of both candle lines.
Psychology: First little genuine body small clue bears shedding energy. After that the prolonged high white candle light confirms bulls have obtained the advantage.
White genuine body need not wrap around shadows of previous candle light.
Very first black real body needs to be small contrasted to white real body.
Initially real body can be a doji.
Opposite of Bearish Engulfing Pattern.