Louis Jnr Book

The example above shows us clearly how the market
changes direction after the formation of a bullish
engulfing bar pattern.
The smaller body that represents the selling power
was covered by the second body that represents the
buying power.
The color of the bodies is not important. What’s
important is that the smaller one is totally engulfed
by the second candlestick.
Don’t try to trade the market using this price action
setup alone, because you will need other factors of
confluence to decide whether the pattern is worth
PAGE
37 OF 226