TC2000 Bullish Engulfing Candlestick Scan

$39.00

The TC2000 bullish engulfing scan is a powerful reversal pattern that returns stocks rotating higher after trading in a short-term downtrend.

Description

The TC2000 bullish engulfing scan will return to you stocks that fit the essence of this classic candlestick reversal pattern definition.

How this screener works

There are lots of variations and interpretations of what makes up a bullish engulfing pattern, so let’s be clear about what The Trade Risk’s looks for:

  • 2-bar bullish reversal pattern
  • The second candle completely engulfs the real body of the first
  • Occurs only after experiencing a short-term pullback
  • The first candle is a small red body followed by a second large-range green candle
  • The second candle has a small wick relative to the body and its range is greater than average

Image of TC2000 Bullish Engulfing Scan Example - BMY

Scan features

  • Purchase includes exact PCF code and setup instructions
  • Purchase includes additional recommended scan criteria:
    • Average daily volume filter
    • Complimentary trend filter
  • Can be used on all versions of TC2000
  • Can be used on any time-frame
  • Can be combined with other criteria to improve accuracy
  • Stack the odds in your favor by using this scan against our weekly curated TR150 watchlist

Add to cart

Please note: all sales are final. This is an instant digital download and you will receive the source code immediately upon purchase. We encourage you to contact us prior to check out if you have any questions about this scan or if you would like to see the latest stock results. Thank you for your understanding!

Bundle offer

Get a discount when you purchase this Bullish Engulfing Candlestick Pattern Scan and its bearish version equivalent in the Engulfing Candlestick Scans Bundle package.

Additional information

Product Type

Bullish

Platform

Worden TC2000

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