Peculiarities of the pattern’s formation and use
The market is a war. The struggle between bulls and bears never stops at Forex. And when the situation seems to be fully controlled by either party, the other party may take the initiative in a fraction of a second. It becomes apparent in a chart when there appears a bar whose body (spread) fully engulfs the body and the shadow of the previous bar. In candlestick analysis, this pattern is called “Engulfing” while in price action, they call it “Outside bar”.
Outside bar or Engulfing
This pattern can occur both in…
Read full author’s opinion and review in blog of #LiteForex