Category Archives: Forex Glossary

The term “bullish” is used to describe that a person’s, or group’s, outlook on an asset is optimistic (i.e., that the asset will rise in value).

Symbol for Verge cryptocurrency.

The rectangle graphical pattern serves to confirm the direction of an existing trend. The bullish rectangle is formed in an uptrend and indicates high probability of continuation of the asset price growth.

A reversal trading pattern that typically occurs after a signifcant downtrend. It occurs when a small bearish candle is engulfed by a large bullish candle. This signals a possible reversal. Ignore the wicks. An even stronger signal occurs when the bullish candle engulfs the bodies of two or three previous candles.