Engufing Up Pattern

This pattern appears at the end of the bearish cycle, consisting of bearish candle number 1 and bullish candle number 2. The body of bullish candle number 2 has the size of overwhelming the body of candle number 1.

In this lesson, we can also review and review a lot about how to enter and close orders. With the Engufing Up pattern, we can execute a BUY order when the 3rd candle opens, and close the order when the 3rd candle closes.

If the market force is still strong, we can continue to execute BUY orders when candle 4 opens and close orders when candle 4 closes.