In a bullish engulfing pattern, what color is the candle on the first day (P1)? Option: Blue, Black, Green, Red

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In a bullish engulfing pattern, what color is the candle on the first day (P1)?

Blue

Black

Green

Red

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What is the name given to an engulfing pattern that appears at the bottom of a downtrend?

Piercing Pattern

Doji Pattern

Bearish Engulfing Pattern

Bullish Engulfing Pattern

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According to the text, what color typically represents a bullish (strong) candle?

Red

Green

Blue

Black

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How does a piercing pattern differ from a bullish engulfing pattern?

The first candle (P1) in a piercing pattern is blue

The piercing pattern is a bearish pattern

The second candle (P2) in a piercing pattern only partially engulfs the first candle (P1)

The piercing pattern appears at the top of an uptrend

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What is the name of the pattern that is similar to a bearish engulfing pattern but with P2 engulfing only 50% to 100% of P1?

Dark Cloud Cover

Hammer Pattern

Doji Pattern

Piercing Pattern

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What does a bearish engulfing pattern suggest?

"Increased buying pressure and a bullish market"

"A potential slowdown or reversal of an upward trend"

"A strong upward trend in the stock price"

"A period of consolidation with little price movement"