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What is Bullish Engulfing & Hammer Candles about?
This document introduces the bullish engulfing and hammer candlestick patterns, which can help traders identify trend reversals. The bullish engulfing pattern consists of a small red candle followed by a larger green candle that engulfs the red one, signaling a potential trend change. The hammer pattern features a small green candle with a long lower shadow, also indicating buying pressure and a possible trend reversal. The document recommends looking for these patterns in downtrends or pullbacks and waitin
- Author
- sualarhudeen
- Language
- EN