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As you might know, uptrends are characterized by higher highs and higher lows. The situation turns interesting when the price resumes its trend and reaches the high https://investmentsanalysis.info/ again. Instead of breaking through and putting in another higher high, the buying pressure evaporates and the price
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Also, be aware that a bullish engulfing pattern can occur in both an uptrend and a downtrend. In a downtrend, a bullish engulfing pattern can signal a reversal. Whereas, in an uptrend, it can signal the continuation of an uptrend. Traders must not see it as