The Bullish Engulfing pattern is a two-candlestick reversal pattern that forms after a downtrend: a small bearish candle is followed by a larger bullish candle whose real body completely engulfs the body of the first one. It shows that buyers have overwhelmed sellers in a single session, and it is considered more reliable when it appears at a support level or on above-average volume.
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Candlestick Basics
Are you candlestick-literate? The widely used candlestick chart is easy to read but also contains some less obvious but valuable
clues about momentum and reversal.
Candlesticks, Japanese - Technical Analysis from A to Z
In the 1600s, the Japanese developed a method of technical analysis to analyze the price of rice contracts. This technique is called candlestick charting. Steven Nison is credited with popularizing candlestick charting and has become recognized as the leading expert on their interpretation. I have met investors attracted to candlestick charts by their mystique - maybe they are the "long-forgotten Asian secret" to investment analysis.
Candlestick Basics
Candlesticks, Japanese - Technical Analysis from A to Z