Understand the Engulfing Pattern for Predicting Price Direction
Channel: Trading Strategies
Date: 15/04/2024

Article + PDF Tutorial https://www.freebinaryoptions.one/the-best-japanese-candlestick-pattern/

The Engulfing pattern  is formed by two candles with the second having a larger body than the first. The color of the second candle indicates the future price direction, with bullish engulfing on the left and bearish on the right. 
Examples of bearish engulfing patterns are shown, with entry after confirmation and expiry for binary options. 
The video also mentions the Doji pattern, which has a small body and long shadows. 
Overall, the video highlights the importance of recognizing these patterns for making trading decisions. 

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