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Time now: Jun 1, 12:00 AM

Price Action Article....

When the opening is in the bottom quarter / third of the bar and the closure is in the top quarter / third of the bar, is said to be bullish engulfing with buyers in control. When the opening is in the top quarter / third of the bar is closing down in the third quarter, it is said bearish engulfing the sellers in control. Another definition used for this bar - especially if you use candlestick charts - is that the opening and closing has to swallow the previous bars open and close and not only high and low bar. With this definition, wide range bar that wraps around the bar or do not have to have a higher high or lower low to qualify. The first definition was likely to bar charts, where it is more difficult to realize the opening and closing.
 

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