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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: Ron who wrote (1585)9/23/2002 4:34:04 AM
From: Greg McDaniel   of 1589
 
The outside day is known as a bullish engulfing pattern..
However, the 9/18 is not quite tecnically a bullish engulfing pattern. The open on the 18th was a tad bit higher(.05) than the close on the 17th. Still this was a bullish candle and a reversal was in order..
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