Bullish Engulfing Lines
The Engulfing Lines pattern is the reverse of the Harami pattern.
A reversal pattern which is strongly bullish if it occurs after a significant down-trend. It occurs when a small bearish (black) line is contained within a long bullish (white) candle.
Recognition Criteria:
· UpTrend
· First line is Black
· Second line is White
· First line’s closing and opening prices are between the second line’s closing and opening prices.
Function: BullEngulfLines()
Trend: Bullish
Type: Reversal
See Also