Often, it signals a bullish reversal but it highly depends on the price movement after the pattern formation. The fourth candle is used to confirm the price direction following the pattern.

These patterns not only determine and evaluate the price movements in the market but also forecast them. The bullish Homing Pigeon candlestick pattern is a type of candlestick chart. This article ...

A classic Bullish Engulfing Candlestick Pattern has formed on the chart of Delta Airlines (DAL) This pattern suggest that the shares may be entering a new uptrend. Shares of Delta Air Lines ...

On this week's edition of BNSN Paathshaala, Kunal Bothra talks about spotting a bullish engulfing pattern. He used Nifty Pharma & Nifty Midcap 50 Index chart to illustrate how to spot the pattern.