Now, the next reversal pattern is very single thing.
Now you'll understand every single thing quickly because we have already spent a lot of time on bullish
engulfing and bullish engulfing.
We had two scandals that this first one was rated.
Second one was green and green, closed above.
So here in this case, we have two scandals, namely, first, the scandal.
And second is a very scandal.
Remember, that market is in uptrend and in uptrend.
This scandal is coming.
So that shows that bulls were in control.
Then what happens?
Market opens gap.
So this is the open.
So at the time of open bulls are in control and will try to push market up.
But then there's the control bull market down and market closes.
This is a closed market closes below the low of previous scandal.
So this is very important.
This close should be below the low of this bull scandal.
When this happens, we can say this, that very single thing is formed.
And this is an indication that the market can reverse its direction and it can be a start of bearish
trend.
So here we have two scandals as a Tolu market.
Should we not train for scandals, bullish secondees, bearish, which opens and closes below previous
low here.
What does it indicate?
Indicate that buyers are losing the strength and sellers are gaining the control of the market.
When this comes, you should go short on the next scandal if it opens bearish.
So we are to see the opening of the next scandal.
If open up next scandal is either seen or below this particular close, then you have to go short on
the market and you have to take benefit of falling market.
Let's go on to the chart and see if you can see some single thing.
This is a chart of Nifty 50 index, can you spot a bearish engulfing in this case?
I think there are two, three very single thing that I can see here.
The one which I am referring to is this one over here.
This is a burish engulfing wedding.
This is the first candle, which is green, one second can open high closed below the low of this.
And second candle, as you can see, open just near the close of this very candle.
So you can take this tree and then you can see there is a sharp fall and market fell sharply.
There is another burish engulfing that I can show you is here because the market is an uptrend.
There is a very single thing that is good and fun, and then you can find out if next candle opens.
Bearish and if that is happening, then you can go short.
You have to apply this rule every time when we are when we are trading reversal patterns, we have to
stick to three things which have been repeatedly telling you.
First is we have to see whether in case of.
Very important we are to see what that market is in uptrend or not.
Second, we have to see the pattern which is getting from Third World to see next can open.
Fourth, we have to see this reward.
If these four are supporting, then you can consider that trade.
And if it is supported by support, resistance, trend line and volume, then it is an additional advantage
that you have.
But yes, even if these four things are OK, then you can go with it.
If this happened, then they will give you more confidence.
Fine.
So this was about Burish engulfing, I hope, your understanding this as compared to bullish patterns,
as I told you, that bearish patterns, they are more convincing because market falls at much faster
speed as compared to its rise.
So you might have seen that one market falls.
It falls very sharply, but when the market rises, it rises very slowly.
There is a saying in the market market, when it goes up, it takes stairs.
And when it comes down, it takes the elevator.
That is that is what happens when there is a ceiling, there is a panic and you can see a sharp sell
off when this happens.
Fine.
Now let's go to the next button and see what exactly it says.