
How do you know when a bullish engulfing candle is valid
I’ve been studying candlestick formations and I find the bullish engulfing candle particularly interesting. But I still struggle to understand when it’s actually valid and not just a fakeout. Sometimes I see what looks like a reversal, but then the price keeps falling. Are there specific confirmations or filters you guys use to avoid false signals? Would love to hear your strategies.
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Numan Wallsom
Andreas Andreas
Dominator Jay
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