What is a Bullish Engulfing Pattern A bullish engulfing pattern is a candlestick chart pattern that forms when a small black candlestick, showing a bearish trend, is followed the next day by a large white candlestick, showing a bullish trend, the body of which completely overlaps or engulfs the body of the previous day’s candlestick.
You can trade this signal with a tight stop loss at the low of the engulfing candle.
I am trading LONG on BCHZ18.
If price closes below 0.0332, this signal gets invalidated.