Definition of «engulfing»

The term "engulfing" refers to a candlestick pattern in technical analysis used to predict price movements. It is formed when there is a large white candle that represents an upward move, followed by a black candle that opens below the previous close and closes well above the open. This indicates that the sellers took control of the market after the initial buying pressure had subsided. The engulfing pattern suggests that the bullish trend may be losing steam or reversing course.

Sentences with «engulfing»

  • «Returning to school may be the only flicker of hope and normality for many children and youth in countries engulfed in crises,» said Irina Bokova, Director General of UNESCO. (globaleducationmagazine.com)
  • This is a deeply melancholy novel, but Mankell, sweeping gracefully between reflections on international politics and meditations on the inevitable arc of human life, never lets his story become engulfed by darkness. (booklistonline.com)
  • GBP continues to perform well as the CPI came in higher than expected S&P 500 futures trading lower over night following the bearish formation on daily chart Friday, with a wide spread down bar, a bearish engulfing pattern in candlestick terms. (forexfloor.com)
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