Bullish Engulfing: Identify the Two-Candle Low
Summary
Hollow Point Trading shares an animation explaining how to define a two-candle low before interpreting a bullish engulfing pattern. It covers the green real body enclosing the preceding red body after a decline, watching for price to cross the boundary, and why structural levels do not guarantee an exact stop fill.
https://youtu.be/wZY6p5xWt8Q
325 1080p
Define the two-candle low before interpreting this bullish engulfing. Look for a green real body that encloses the preceding red real body, after declining prices. Watch subsequent price cross that boundary. Invalidation is new evidence; a structural level does not guarantee a stop fill at its exact price.
Original Hollow Point Trading animatio...
