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WebThe colour, which reveals the direction of market movement – a green (or white) body indicates a price increase, while a red (or black) body shows a price decrease Over time, individual candlesticks form patterns that traders can use to recognise major support and resistance levels. WebBullish engulfing. The bullish engulfing pattern is formed of two candlesticks. The first candle is a short red body that is completely engulfed by a larger green candle. Though the second day opens lower than the first, the bullish market pushes the price up, culminating in an obvious win for buyers. grand itasca clinic and hospital rapid clinic
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