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Old 07-18-2008, 06:31 AM
Jimmy Jones Jimmy Jones is offline
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I see potential engulfing patterns @ 5 and 6, not sure which one is considered a long engulfing pattern though...

I'll clarify; I still see 2 potential engulfing patterns, but neither one is a quality pattern in my eyes. #5 is too far from the bottom BB, and #6 occurs on a trumpeting BB.

Since you mentioned long engulfing pattern, that negates one of these patterns. I'm just not sure what long engulfing pattern means. I am assuming it's #5 because it reverses price action back up...

Last edited by Jimmy Jones; 07-18-2008 at 07:19 AM.