• Deepak

Demand and Supply - Basics – Bearish / Bullish engulfing

•This pattern is formed when a large full bodied candle completely covers the earlier full bodied candle

•Demand / Supply psychology (Bullish engulfing)

- Market is in down trend making lower lows

- In its final push it catapult with force pulling in more sellers

- Next candle market opens lower, however buyers emerge in full force and take the price higher above previous candle close.

- Trend changes and buyers are in control now

•This pattern has higher probability of winning when seen at previous support / resistances and with high volumes on first candle.

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