Bullish Engulfing Candlestick Pattern. 📈
How should you trade the with this pattern?
Entry & Exit?
A THREAD 🧵
(1/10)
#StockMarketindia #trading #StockMarket
When visible, this bullish pattern signals that the previous downtrend has ended and a potential reversal trend (a new uptrend) is beginning. (5/10)
Don’t do a silly mistake like-
“Look. It’s a Bullish Engulfing Pattern. This is a sign of strength, let’s buy!”
Next thing you know, the market reverses and your stoploss gets hit.(6/10)
When you see bullish engulfing pattern in any stock, keep an eye o the next candle (Third candle)
✔Check the strength of third candle.
✔It should close above the 2nd green candle & if the volume also turns high that it can be bonus for you. (7/10)
Third candle gives the confirmation to bullish engulfing pattern.
✔We can now take entry above the confirmation candle to ride the reversal.
✔Stoploss should be below the low of engulfing pattern. (8/10)
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Starts the night before.
9 evening habits that make all the difference:
1. Write down tomorrow's 3:3:3 plan
• 3 hours on your most important project
• 3 shorter tasks
• 3 maintenance activities
Defining a "productive day" is crucial.
Or else you'll never be at peace (even with excellent output).
Learn more
How to be 5x more productive.
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A best-selling author\u2019s 3-3-3 Method:
2. End the workday with a shutdown ritual
Create a short shutdown ritual (hat-tip to Cal Newport). Close your laptop, plug in the charger, spend 2 minutes tidying your desk. Then say, "shutdown."
Separating your life and work is key.
3. Journal 1 beautiful life moment
Delicious tacos, presentation you crushed, a moment of inner peace. Write it down.
Gratitude programs a mindset of abundance.
4. Lay out clothes
Get exercise clothes ready for tomorrow. Upon waking up, jump rope for 2 mins. It will activate your mind + body.