Engulfing candle pattern off the back of a good run of Bear candles, the more the better. Really clear confirmation, here with some deceleration then the engulfing Bull candle.
Comment:
We are still open on our position, we have seen a Bullish breakout and close above the management zone. Followed by a strong Bear candle, let me explain this a bit as it looks like an engulfing. The previous Bull candle is a continuation candle stick, long wick at the bottom small head. This is why we held our position and waited for the next candle to open and close.
Comment:
And we are off again!