In my trading journey, I’ve found engulfing patterns to be one of the most reliable signals, especially on the weekly timeframe. I focus on these patterns primarily on the daily and weekly charts, and I’m proud to say that I've achieved a remarkable 90% success rate by trading them.
Engulfing patterns signal strong reversals, making them an ideal choice for traders looking to capitalize on potential market shifts. Whether you're a seasoned trader or just starting, I recommend keeping an eye on these formations. They not only provide clear entry and exit points but also enhance your overall trading strategy.
Check out my latest video for a deeper dive into how I identify and trade these patterns!