Can you spot an engulfing candle before it happens??

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Hi

Is it possible to catch an engulfing candle before it happens?
 
Until the candle closes, there's no guarantee you "caught" anything.
 
If you try to predict, per definition, anything that has not happened jet, is only given a probability.

To increase the probability, you need to know the cause. But that's hidden to us on markets. So you would need other hints to increase your projection probability.

But, since engulfing is given by high and low, and a candle cannot shrink in it's high-low-span, you do get to know it before the candle has closed.

This is due to the fact, a candle shapes, but closes with the open of the new candle.

So, causal it will be known to you at the moment it happens or the definition of engulfed is satisfied.
 
Dominik Christian Egert #:

But, since engulfing is given by high and low, and a candle cannot shrink in it's high-low-span, you do get to know it before the candle has closed.

That depends on what you consider to be an engulfing candle.

I believe that the most common definition is when the candle body engulfs the previous' candle body. Highs and lows are not considered.

 
Yes, true. That's the common definition I think.

I wanted to point out, high and low do not make a candle shrink, and the minimum span of high-low is deterministic in being checked if greater than the candle before.

There are patterns, which evolve during candle formation, but of course, depends on being what you look at.

Edit:
It was not the best way to explain.
 
KHULEKANI ZACHERIAH NGOBESE:
Hi
Is it possible to catch an engulfing candle before it happens?

Hello,

Just as additional information that there is no guarantee about the similarity of candle shapes in every broker.
At uncertain times it has been proven that the shape of candles in each broker can be different. 

 
Thank you all for the explainations
 

To find this you have to find the strategy which are used by pattern makers,

There are two types of strategies 

1. Used by floor traders and hedge funds which are supreme strategies including fibonacci, Pivot and any other method which is based on mathematical calculation

2. Chart patterns, Candlesticks, Harmonics Patterns etc, which are not supreme strategies, These are often confirmed by a trader by verifying swings and other things, Engulf candle is also a pattern which are tracked by price action traders, so until you find setups which are used by market movers, its not possible to know when any engulf candle will form, 

3. Market Data : You need to be very careful when you are trading on candlesticks pattern because in lower timeframe candle can often be wrongly formed due to low volume, To overcome this problem, either watch patterns on Index chart where there is no Volume exists, or watch where there is large volume, or watch in higher timeframe above 1 hour.

 
KHULEKANI ZACHERIAH NGOBESE:
Hi

Is it possible to catch an engulfing candle before it happens?

If you study TheStrat, particularly TradeSniperSara #SSS50PercentRule on YouTube and Twitter, you will see that there is a good probability of finding an engulfing candle (TheStrat Type 3 candle) when the current candle has retraced over the 50% mark of the last candle.

Hope it helps.

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