Engulfing Indicator: a tool for #bullish and bearish trend reversals by [#TradingFinder] 🎯📈

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Engulfing [TradingFinder] Bullish & Bearish CandleStick Pattern is an open-source indicator on TradingView by TradingFinder, focusing on the candlestick engulfing pattern.

This pattern signifies a potential trend reversal, identifying both bullish and bearish variations.

In a bullish engulfing, a large green candle covers a previous red candle, hinting at upward momentum. 🎯

Conversely, a bearish engulfing shows a red candle overtaking a green, signaling potential downward pressure.

Ideal when combined with other indicators, this pattern is adjustable to show optimal setups, enhancing technical analysis precision.📈

For more, refer to the https://www.tradingview.com/script/b9xIfkEj-Engulfing-TradingFinder-Bullish-Bearish-CandleStick-Pattern/