Hi
For bullish/bearish engulfing bars, the close must be above/below the prior bar....page 1, post#10
I would say the 6th bar from left is not a beovb as the close is not below the prior bar.
(See the 14th bar from left for a good example of BUOVB - the close IS above prior bar high)
Thats Forex....Even it was the perfect bar/signal.....price may not go where you expect it
For bullish/bearish engulfing bars, the close must be above/below the prior bar....page 1, post#10
I would say the 6th bar from left is not a beovb as the close is not below the prior bar.
(See the 14th bar from left for a good example of BUOVB - the close IS above prior bar high)
QuoteDislikedDoes the 2nd bar mean BUOVB? but if it is, why it went down?