DislikedHi TooSlow, Nice seeing you here. Below, the OP suggests buying at the open of the bar following the engulfing bar. {quote}Ignored
Yes you are correct, buy at the open of the bar after the engulfing bar closes.
So in that pic, the pivot would have been on that last bearish bar open. Then wait for that next bullish bar too close and completes it's engulfing pattern.
Just be sure too zoom out of that chart, to look for any resistance levels nearby.