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LET'S LEARN CANDLESTICK PATTERNS Today's Topic - The Engulfing Pattern The Engulfing pattern is formed by two candles, where the body of the first candle is “engulfed” by the body of the second candle. An engulfing pattern is a reversal candlestick pattern that can be bearish or bullish depending upon whether it appears at the end of an uptrend or downtrend. There are two types of engulfing candlestick e patterns: 1️⃣ Bullish Engulfing pattern 2️⃣ Bearish Engulfing pattern Bullish Engulfing: A bullish delight at the downtrend's bottom, signaling a surge in buying. Bearish Engulfing: Its counterpart in the uptrend's peak, foretelling a surge in selling. Start trading smarter today! More Coming Soon. . . . . . . . . . . #sweden #forexprofit #fxsignals #forexsignals #advancestocktrading #forexrobot #forexcharts #eaforex #forexuk #altcoins #cryptocurrency #forexmarkets #tradingforex #forexusa #forex #papuanewguinea #denmark #bitcoin #forextrading #usstocks #trading #forexsignal #fxtrading #stocks #fxtrading #forexpips #stockmarketnews #stockmarket

4/30/2024, 4:23:43 PM

LET'S LEARN CHART PATTERNS Today's Topic 📚 Diamond Pattern 🔽 The Diamond Formation, or Diamond Top, is a rare chart pattern signaling a trend reversal after a prolonged uptrend. It resembles a diamond leaning to one side. In the first phase, it forms a broadening triangle with higher highs and lower lows. In the second phase, it closes upward, creating a diamond shape. This pattern is a strong sell signal, indicating a market top. Traders identify it initially by spotting a Head and Shoulders pattern, followed by drawing four trendlines to form the diamond shape. The Diamond Top typically forms a descending trend channel, helping traders identify support and resistance levels. However, if the lower support line is breached, it could signal a potential reversal and price climb. Start trading smarter today! More Coming Soon. . . . . . . . . . . #uk #london #scotland #northernireland #advancestocktrading #ukforex #england #christmas #unitedkingdom #londonsession #londonlife #uklife #edinburgh #europe #londontrades #seasonsgreetings #trading #forextrading #fxtrading #christmastree #bitcoin #germany #glasgow #londonfx #uktrading #londontrading #uktrade #papuanewguinea

4/27/2024, 1:50:59 PM