Bullish Engulfing Candlestick Pattern. 📈

How should you trade the with this pattern?
Entry & Exit?

A THREAD 🧵
(1/10)

#StockMarketindia #trading #StockMarket

A bullish engulfing pattern appears when a large green candle appears after a small red candle of the previous day. The body (Green candlestick) of which completely cover the body of the previous day’s (Red) candlestick. (2/10)
This pattern signifies a change or a reversal in the ongoing trend of the prices of a particular security. (3/10)
Generally, the bullish engulfing candle is preceded by more red candles, representing a bearish phase in the market. In fact, the bullish engulfing candle usually represents the bottom of a downward trend in prices, after which the prices begin to show an uptrend. (4/10)
This bullish reversal pattern is found at the end of a downtrend.
When visible, this bullish pattern signals that the previous downtrend has ended and a potential reversal trend (a new uptrend) is beginning. (5/10)
This pattern is very easy to find out, but confirmation is very important before any entry.
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)
Taking Confirmation-
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)
In our example,
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)
Target/Exit Point:
✔I always follow next resistance level as my target.
Always mark strong resistance areas in your chart and use them as a target for a perfect exit. (9/10)
♥If you found this thread useful, please RT the first tweet.🔁 (10/10)

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@franciscodeasis https://t.co/OuQaBRFPu7
Unfortunately the "This work includes the identification of viral sequences in bat samples, and has resulted in the isolation of three bat SARS-related coronaviruses that are now used as reagents to test therapeutics and vaccines." were BEFORE the


chimeric infectious clone grants were there.https://t.co/DAArwFkz6v is in 2017, Rs4231.
https://t.co/UgXygDjYbW is in 2016, RsSHC014 and RsWIV16.
https://t.co/krO69CsJ94 is in 2013, RsWIV1. notice that this is before the beginning of the project

starting in 2016. Also remember that they told about only 3 isolates/live viruses. RsSHC014 is a live infectious clone that is just as alive as those other "Isolates".

P.D. somehow is able to use funds that he have yet recieved yet, and send results and sequences from late 2019 back in time into 2015,2013 and 2016!

https://t.co/4wC7k1Lh54 Ref 3: Why ALL your pangolin samples were PCR negative? to avoid deep sequencing and accidentally reveal Paguma Larvata and Oryctolagus Cuniculus?

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