Last Engulfing Bottom

A reversal pattern which occurs when a short bullish (white) candle is contained within a long bearish (black) candle.
 
The only difference between the Last Engulfing Bottom and Bearish Engulfing Lines is that the Last Engulfing Bottom comes after a down-trend.

 

Recognition Criteria:

·       DownTrend

·       First line is White

·       Second line is Black

·       First line’s closing and opening prices are between the second line’s closing and opening prices.

 

Function: LastEngulfBottom()

Trend: Bullish

Type: Reversal