Tags Posts tagged with "Engulfing"

Engulfing

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There are three common price actions that happen at support and resistance. These are 1) price testing, 2) fake outs, and 3) breakouts.

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You may have seen there are countless articles on the web declaring engulfing strategies are a sure bet and offer high probability trade opportunities. But does this approach really work? In this article I will do a thorough analysis of the data to prove if this method really stacks up.