DislikedHi ya Emmanuel..
See the BUOB you've used in this chart are you using just the bodies to make such a bar...if so are we suppose to look for a larger body of the bar say some thing like a % bigger than the previous bar??
Sorry for asking but I've been taught the bar should completely engulf the prior bar, wicks and all..
Cheers,
AdrianIgnored
It can be subjective. That is why there are many trading decision which are discretionary depends on one' experience and comfort in risk management.
The candle the body is enough to determine a good engulfing pattern when the upper and lower wicks are not extremes.
CS body and wicks tell you the market BEAST's sentiment of the buyers and sellers.
Edit: the body shows the momentum of the price.
Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett