The Engulfing Bullish candlestick pattern indicator typically signifies the end of a bear market or a downtrend. This Indicator works by generating buy and/or sell Trade Signal at the end of the pattern, once the pattern has formed.
For more information about this Candlestick Pattern, check out thepatternsite.com.
Your position determines the trade signal used for this indicator! If you are in a bought position, the trade signal will be a sell signal. If you are in a sold position, the trade signal will be a buy signal. You can set this indicator to produce the signals you want by ONLY enabling those trade signals on the left of the candlestick pattern indicator screen.