Bullish Engulfing candlestick pattern
What it shows
Two candles at the end of a decline. A bearish candle is followed by a bullish one whose body opens below the previous close and closes above the previous open, covering the earlier body completely.
Measured, not claimed
34%
Five daily candles after this pattern, price had risen in 34% of the 1,540 cases we measured.
32 crypto markets on Kraken, daily candles, 2013–2026. A bullish pattern promises a rise and a bearish one a fall, each larger than half that market's typical five-candle move; anything smaller counts as a promise not kept.
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