BULLISH ENGULFING PATTERN
Chart pattern forming when a small black candlestick appears before a huge white candlestick, which entirely clouds the past day’s candlestick. The shadows or tails of the smaller candlestick are short, allowing the body of the bigger candlestick to cover the previous day’s candlestick. Certain analysts view the pattern as a signal a bull market will emerge.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
