@koolgal:
🌟🌟🌟I like to use the Engulfing candlestick pattern as it signals a change of momentum. 1. The Bullish Engulfing Pattern occurs at the bottom of a downtrend & signals a powerful reversal to the upside. A small red bearish candle is followed by a massive green bullish candle that completely covers the body of the previous day. It is a Buy signal. NVIDIA in Oct 25. After a brief dip NVDA formed a Bullish Engulfing Candle. The green candle was so large that it looked like it ate the previous 3 days for breakfast. That was the signal for the rally that has pushed NVDA up over 3% on Jan 2. The opposite is the Bearish Engulfing Pattern. This appears at the peak of an uptrend and warns that the party is over. A small green bullish candle is followed by a much larger re
