As a trader we often hear the term 'engulfing candle', or 'outside trading day' very often, but how can that help make us money? Well first, we must understand that an outside day or an engulfing ...

78.6% retracement: The USD/JPY has been falling since the last update where a rally was rejected from clearing a key declining trendline that went back to a resistance pivot in April 2011. The move ...

The bullish engulfing pattern is a two-candle reversal pattern that occurs when the second candle completely overrides the first. What Is a Bullish Engulfing Pattern? A bullish engulfing pattern ...

The bearish engulfing pattern is a technical analysis chart pattern, recognised as one of the clearest signs of a price cut action signal. It is represented by a green candlestick with a subsequent ...

The S&P 500 gapped lower to kick off the week but has spent most of the time since then rallying rather significantly. That being the case, it’s very likely that we are going to see significant ...

Gold Spot bounced from my buy opportunity at 1680/75. Longs worked perfectly on the bounce to my target of 1705/10 for an easy 25-30 point profit. We wrote: Now we have a bullish engulfing candle buy ...