Bullish Engulfing

The bullish engulfing pattern is a two-candlestick reversal pattern that signals a potential rise in price. It is formed when a small bearish candle is followed by a larger bullish candle that completely engulfs the body of the first candle.

The pattern is more reliable when it occurs after a strong downtrend.

Here are some tips for trading the bullish engulfing pattern:

  • Look for the pattern to form after a strong downtrend.
  • The second candle should be larger than the first candle.

Traders can use technical indicators, such as moving averages and momentum indicators, to confirm the bullish engulfing pattern.

The bullish engulfing pattern is a useful tool for traders who are looking to buy the market. However, it is important to remember that no single pattern is 100% reliable, and traders should always use caution when trading.

These stocks have formed a Bullish Engulfing Pattern on 1 Day time frame

Company SymbolSectorPriceChangeVolume52wk High52wk High1Y BetaP/EM CapRating
BSHSLProcess Industries245.306.35 (2.66%)12,980665.7092.15-0.80127.7625.1 BNeutral
GREENPLYProducer Manufacturing165.554.20 (2.60%)257.1 T191.85134.500.9928.6619.9 BBuy
KSOLVESTechnology Services1,062.7032.05 (3.11%)11,9511,447.00356.000.1146.9012.3 BSell
RAINBOWHealth Services1,049.2014.80 (1.43%)248.9 T1,184.60606.201.0249.85105 BBuy
VESUVIUSNon-Energy Minerals3,092.6055.70 (1.83%)13,3003,738.001,408.500.2739.4061.7 BSell