A bullish engulfing candle in theory signals a bullish reversal. Thomas Bulkowski's study on it revealed that the success rate of a bullish reversal happening after a bullish engulfing candle is 63%.
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A bullish engulfing candle in theory signals a bullish reversal. Thomas Bulkowski's study on it revealed that the success rate of a bullish reversal happening after a bullish engulfing candle is 63%.