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Here's a quick overview of the Engulfing Candlestick Patterns:
Bullish Engulfing: When a small red candle is followed by a larger green candle , it may mean the price is going to rise .
We look for the next candle to close higher to confirm the trend is going up.
Bearish Engulfing: When a small green candle is followed by a larger red candle , it could mean the price is going to drop .
If the next candle closes lower , that confirms the downtrend.
Keep these patterns in mind when you're making trade decisions!$BTC
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