So the next reversal pattern is bearish, piercing, which is nothing but the inverse of bullish person
in bearish piercing.
We have two scandals.
First one is bearish.
Remember, that market is in uptrend, but bullish candles from Second Candle is bearish, one which
opens.
Get up.
OK, so this was the close of previous.
The market opens here that shows that bulls were in control at the beginning.
Then market goes a little higher than bears take control and market closes half way below.
The bullish market is closing below this halfway.
When this happened, we can say that Burish piercing is fun, and as I have told you in person as well,
Burish person is comparatively a lesser convincing person as compared to Burish engulfing.
So bearish engulfing is much more convincing than bearish piercing because in that case, market closes
below the low of previous days.
So that this is in this more convincing than this.
Fine.
But still, even if bearish person comes, you can you can take it and you can trade on the basis of
this.
So it's a two candle pattern should get formed when market is an uptrend for scandal is bullish on this.
One second is bearish one, Richard, which should close 50 below the midway.
That is 50 percent of the scandal.
This one, it indicates that buyers have lower control as compared to bearish engulfing pattern.
So bearish, engulfing and bullish bearish piercing, if I ask, bearish engulfing and bearish piercing
competitively, this is better.
And Burish piercing is second priority if you if you ask me.
Let's go now to the chart and see that you will see very piercing and bearish engulfing many times.
So this is the chart of the U.S. bank.
Can you identify a bearish piercing in this case?
Do you recognize this person, this one?
You can see this is the very specific pattern in which.
First, this is the first scandal.
Which is bullish, one market is in uptrend.
Second, Kandal opens gap and closes below the midway of bullish scandal if this happens.
This is an example of bearish piercing.
So you can kind of bear to see.
You can see that it's just open where it closed.
You can take it and see market has fallen sharply, but yes, it has fallen.
So this is how you can identify a very specific.
I hope you have understood I am not devoting a lot of time on this because I've already told you how
what what is the setup of taking such trips and what has to be done while analyzing such kind of patterns,
as I have told you in previous cases, Will?
Well, we have to understand whether it is a train.
We have to see with the partners getting phone, then see the next scandal, find out that the water
issue, then find out whether some support resistance is there, and then see if it is near a train
line, etc..