How is engulfing pattern different from outside day pattern?

General
2

hElLO tRaDeR,

Candlestick pattern definitions are unregulated and many fight for the same candle with different schools of thought:

For Outside bar and Engulfing bar

  1. Some believe​ that the high, low, open and close of the previous bar must all be within the high and low range of the new candle to form both the patterns. ( which would mean they technically are the same )

  2. Some believe​ that when the previous open and close is within the open and close range of the new candle, it is sufficient to form a engulfing pattern. The High and Low range is ignored in this case.

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3

portfolioplus911 - So as your point 1 is - engulfing pattern

your point 2 . - is this Outside bar/outside day pattern?

Thanks 

portfolioplus911

4

Point 1 = both outside candle and engulfing candle.
Point 2 = engulfing candle only .