Bullish Engulfing
BullishA big up candle swallowing the prior down candle whole — buyers taking control
Textbook shape
How to read it
A two-bar combination where a bullish body completely engulfs the prior bearish body. Everyone who sold yesterday is underwater today — a shift of control when it appears after a decline.
It reads stronger with heavy volume on the engulfing bar and at the end of a downtrend.
Real example
US stockMARADaily
Completed 2020-06-30
CryptoBTC-USDDaily
Completed 2017-11-13
A window SQMATE's detectors actually flagged in past bars. It records a day that worked out — the same shape doesn't always resolve the same way.
On SQMATE
No more eyeballing charts
You don't have to flip through charts hunting for shapes. Signal watch pings your browser the moment a condition is met, patterns on your watchlist arrive by email, and the screener lists every symbol that matched today.
SQMATE draws the lines
Support lines, trendlines, channels — the lines you need to read a pattern are drawn for you, so no time goes into drawing.
Patterns aren't the whole story
The same shape doesn't always resolve the same way. It's safer to read it together with candles, volume, and market context — news, catalysts, flows.