Chart Literacy
Engulfing days
When an up day's body completely swallows the previous down day's body, chart watchers call it a bullish engulfing. The mirror — a down body swallowing an up body — is a bearish engulfing.
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When an up day's body completely swallows the previous down day's body, chart watchers call it a bullish engulfing. The mirror — a down body swallowing an up body — is a bearish engulfing.