err rabbitoh,
how about you take a lesson in candlestick charts 101.
Check out this site...
http://www.investopedia.com/terms/b/bullishengulfingpattern.asp
"As implied in its name, this trend suggests that the bulls have taken control of a security’s price movement from the bears. This type of pattern usually accompanies a declining trend in a security, suggesting that a low or end to a security's decline has occurred. However, as usual in candlestick analysis, the trader must take the preceding and following days' prices into account before making any decisions regarding the security. "
MRS
monarch resources limited
