Candlestick Charting – Vol 14 – Bullish Engulfing Pattern – Candlestick Charting Volume 14 – The Bullish Engulfing Pattern

22 Replies to “Candlestick Charting – Vol 14 – Bullish Engulfing Pattern”

  1. Is the bullish engulfing the same as Out Side bar? and
    Is the harami the same as the Inside bar?
    I really struggle to understand the difference. Does any body know the difference?

  2. Thank you so much for nice explanation…….. is this chart is xandel chart or its Heikin Ashi???

    pls advise

  3. I like the way you explain psychology behind patterns.How much importance do you give to tails?

  4. Is it only swing low that piercing pattern price action valid or any support level?
    Can piercing pattern be traded as trend continuation setup?

  5. Your videos are very powerful and informative. I will watch them again and again. Also subscribed. You are a blessing to everyone. Great job well done!!!

  6. Great Job….. watching all videos in one go…. very crisp, informative and easy to understand.

  7. "S/R levels" refer to support and resistance levels. See my video on S/R in the Intro to TA playlist if you're not familiar with the concept of support and resistance.

  8. Hi souldrop1000,
    Absolutely. Although they're called reversal patterns they're not just used to identify reversal of trends. It's a poor name. They actually indicate a short-term shift in sentiment. We trade this in context with market structure. And as such, it will apply just as well at the end of a retracement to signal continuation of the prior trend.

  9. Hi Souldrop1000,
    The second real body engulfs the first real body only. It does not need to engulf the high/low shadows, however would provide a stronger signal if it did so.

  10. Hi are these dark cloud cover, bullish englufing hammer and shooting star still valid if found in a higher low or lower high of a trend as a continuation pattern ?

  11. HI, to call it a valid bullish englufing does the second body has to engulf the spikes(high/low) of the first body ? or only engulfing the real body will do ?

  12. @stockatlas101
    Thanks stockatlas101! I'm glad to hear you enjoyed the candlestick video series! Cheers,

  13. @n33dw33d3333
    Thanks for your comment. Candlestick patterns are simply an indication of a short-term change in supply/demand. As such, they're great at providing an entry trigger, when that trigger is placed in the context of background price action. They don't provide a target. Your target will be dependent on your strategy. In my case, it's simply the next few S/R levels, as these provide potential sources of orderflow to oppose your trade.

  14. Hey trikhakapila,

    I can't recommend any book for fib. It's not a tool I've ever really used.

    I imagine there's sufficient info online though.


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