What is an Engulfing Candles Patterns Candles Pattern in Indices Trading?

What Does Engulfing Indices Candlestick Mean? Engulfing Indices Candlestick Definition

Engulfing stock indices candlesticks pattern is a reversal candlestick pattern that can be bearish or bullish depending upon whether it appears at the end of a market down indices trend or at the end of a market upward indices trend.

Indices Candles Pattern

Indices Candles Pattern

Color of the first candle stick indicates the indices trend of the day.

The second candle should completely engulf the first candle & it should have opposite color.

For Bullish Engulfing stock indices candlesticks pattern the color of the candle-stick should be Blue

For Bearish Engulfing stock indices candlesticks pattern the color of the candlestick should be Red