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A Bullish Engulfing Pattern is a two-candlestick reversal pattern which forms when a small black or red candlestick is followed the next day by a large white or green candlestick. The bullish engulfing pattern occurs after a downtrend consisting of two candlesticks, the bullish candlestick that covers the bearish candlestick. The Bullish Engulfing candlestick pattern is a significant bullish reversal signal in technical analysis that typically appears after a downtrend. This pattern consists of two candlesticks: a small bearish (red) candlestick followed by a larger bullish (green) candlestick that completely engulfs the body of the previous candle. A Bullish Engulfing Pattern is a two-candle reversal signal where a large bullish candle fully engulfs a prior bearish candle, indicating potential upward momentum. A bullish engulfing pattern is a white candlestick that closes higher than the previous day's opening after opening lower than the prior day's close.
