![A Quick Overview of Bullish Engulfing Pattern](https://i.imgur.com/gO3SoEO.jpg)
A Quick Overview of Bullish Engulfing Pattern
The bullish engulfing pattern consists of two candlesticks. The first candle is a short red body that is completely engulfed by a larger green candle. Despite the fact that the second day starts lower than the first, the bull market drives the price upward, ending in a clear win for purchasers. According to Bulkowski, this reversal predicts higher prices with an 63% accuracy rate.
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