TA2023 Feb 24 Engulfing Line
Short-Term Bullish
Volume 2,103,812
Close Price 0.55
Pattern Duration 2 days
Inbound Trend Duration 5 days
Tells Me: The recent downtrend is due to reverse, now that buying pressure has overwhelmed prior selling pressure.
Following a clear downtrend, we see two candlesticks where the white real body of the second completely envelops the black real body of the first, showing that the bulls have taken over from the bears.