What is the minimum number of trading sessions required for an engulfing pattern to evolve? Option: One trading session, Four trading sessions, Three trading sessions, Two trading sessions

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What is the minimum number of trading sessions required for an engulfing pattern to evolve?

One trading session

Four trading sessions

Three trading sessions

Two trading sessions

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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

Bullish Engulfing Pattern

Bearish Engulfing Pattern

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

The piercing pattern appears at the top of an uptrend

The piercing pattern is a bearish pattern

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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?

Hammer Pattern

Dark Cloud Cover

Doji Pattern

Piercing Pattern

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What does a bearish engulfing pattern suggest?

"A strong upward trend in the stock price"

"A potential slowdown or reversal of an upward trend"

"A period of consolidation with little price movement"

"Increased buying pressure and a bullish market"

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

Black

Blue

Green

Red