Candle Formations : Bearish - Engulfing Candle Futures Short : Buy Signal
Candle Formations
Name : Bullish Engulfing Candle
About :These signals come from the Tradingview Crypto Scanner Platform. Every 30 min, when the formula matches any coin, you will receive a buy signal from the system tracing the crypto market.
Formulla : BULLISH ENGULFING + RSI > 70
WHAT IS AN ENGULFING CANDLESTICK?
Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle ‘engulfing’ the entire body of the candle before it. The engulfing candle can be bullish or bearish depending on where it forms in relation to the existing trend. The image below presents the bullish engulfing candle.