1 00:00:00,530 --> 00:00:08,240 Having seen for trend reversal patterns, now we will see some continuation patterns, these are bullish 2 00:00:08,240 --> 00:00:09,920 continuation patterns that we will see. 3 00:00:10,520 --> 00:00:17,000 First of all, we will understand the concept of continuation pattern and then see any continuation 4 00:00:17,000 --> 00:00:18,110 pattern that we have. 5 00:00:18,890 --> 00:00:21,050 So what is the meaning of continuation pattern? 6 00:00:22,300 --> 00:00:29,230 It is a pattern that continues the direction of the uptrend we are talking about bullish continuation 7 00:00:29,560 --> 00:00:30,700 patterns, isn't it? 8 00:00:31,210 --> 00:00:36,370 So here we have this is a pattern which is continuing the. 9 00:00:37,390 --> 00:00:40,300 Existing trend, that is what is called a continuation. 10 00:00:40,330 --> 00:00:42,530 It is continuing the existing trend. 11 00:00:42,550 --> 00:00:48,790 This is the uptrend that is already being formed and this is where we have our pattern when this is 12 00:00:48,790 --> 00:00:49,180 formed. 13 00:00:49,210 --> 00:00:51,130 It is again, continuing the trend. 14 00:00:51,280 --> 00:00:54,430 That is what is called is continuation patterns. 15 00:00:55,950 --> 00:01:00,290 Let's see one continuation pattern, this pattern is rising. 16 00:01:00,360 --> 00:01:04,170 Three, now try to understand what is a rising three pattern. 17 00:01:04,650 --> 00:01:08,580 Rising three pattern has five candles. 18 00:01:09,330 --> 00:01:11,760 First candle is green, which indicates that. 19 00:01:12,780 --> 00:01:17,280 Apprentice, there you are getting this scandal and you have. 20 00:01:18,200 --> 00:01:26,390 Three, four, five, maybe at least three should be there, so you have few candles that are doges 21 00:01:26,390 --> 00:01:29,970 and that are within the range of these candles. 22 00:01:29,970 --> 00:01:36,170 So within the high and low of this candle, this is the height. 23 00:01:36,200 --> 00:01:36,920 This is the law. 24 00:01:37,850 --> 00:01:41,000 Within the high and low, you are getting few candles. 25 00:01:42,290 --> 00:01:49,280 Theoretically speaking, they should be all judges and then you have one scandal in this case which 26 00:01:49,280 --> 00:01:57,820 is bullish, which is closing above the high of first bullish scandal. 27 00:01:58,550 --> 00:02:08,000 When this happens, it is a sign that the existing uptrend is going to continue and it is the point 28 00:02:08,000 --> 00:02:12,090 where you should consider buying that particular stock. 29 00:02:12,500 --> 00:02:16,300 So let's quickly recap this pattern here. 30 00:02:16,610 --> 00:02:24,350 The market is in a trend that is first, it contains five countries that are speaking five countries. 31 00:02:24,350 --> 00:02:30,710 But as I said, that you can have four, five, six doges even so in that at least five countries should 32 00:02:30,710 --> 00:02:36,030 be there first and fifth should be long bullish scandal. 33 00:02:36,260 --> 00:02:44,560 Of course, the first and last you can see first and last countries should be bullish one long one and 34 00:02:44,570 --> 00:02:48,080 second, third and fourth or all those between first and last. 35 00:02:48,350 --> 00:02:50,810 They should be doges or small body. 36 00:02:52,150 --> 00:02:54,970 Now, let's understand. 37 00:02:55,980 --> 00:02:57,480 What what does it tell you? 38 00:02:57,940 --> 00:02:58,830 It tells you that. 39 00:02:59,990 --> 00:03:06,860 This first scandal, when it is bullish, you say it indicates the uptrend in the market, these smaller 40 00:03:06,860 --> 00:03:07,500 scandals. 41 00:03:07,520 --> 00:03:08,600 What do they represent? 42 00:03:08,600 --> 00:03:14,720 They represent then there are few people in the market that are getting out of this particular stock. 43 00:03:15,140 --> 00:03:18,850 They're selling their investments and booking their profits. 44 00:03:19,250 --> 00:03:24,410 So, say, for example, out of a hundred people, out of a hundred investors say 40 of them, they 45 00:03:24,410 --> 00:03:28,370 have exited at this level, 60 are still there. 46 00:03:29,540 --> 00:03:35,690 And then market is again continuing and then the trend is getting continued. 47 00:03:35,870 --> 00:03:44,870 So basically this indicates a halt in the market for some time before rising in future. 48 00:03:45,650 --> 00:03:48,860 So what are the things that you should keep in mind when we talk about raising three? 49 00:03:50,080 --> 00:03:56,410 These candles in between the first and last, they must be smaller, smaller ones, and they must be 50 00:03:56,410 --> 00:03:58,770 within the range of first candle that I told you. 51 00:03:58,780 --> 00:04:03,430 This is the range high and low and low in the range of this candle. 52 00:04:03,430 --> 00:04:07,450 They should be within 50 candle must close above the highest percentage. 53 00:04:07,510 --> 00:04:09,540 So this is the high and the close. 54 00:04:09,550 --> 00:04:11,230 So this close should be above the high. 55 00:04:12,260 --> 00:04:18,440 And as I told you, that there can be more than three candidates after the first and before the last 56 00:04:18,440 --> 00:04:20,480 scandal so that that can happen. 57 00:04:20,970 --> 00:04:27,580 So if you just if you try to find out three candidates only then I think you will not get prizing three 58 00:04:27,590 --> 00:04:29,590 in maybe five years. 59 00:04:29,600 --> 00:04:31,690 So that that is that is not going to happen. 60 00:04:32,150 --> 00:04:36,680 Rising three in itself is a very rare pattern that you will see. 61 00:04:37,070 --> 00:04:42,820 And it's very rare once in you, you may not get it even once in a year. 62 00:04:43,580 --> 00:04:50,210 But yes, since we have seen some reversal patterns, I just thought that you should also be aware about 63 00:04:50,510 --> 00:04:59,450 one of the continuation patterns in the market will go to the chart and see whether we can see some 64 00:04:59,450 --> 00:05:01,340 rising three pattern on the market. 65 00:05:01,790 --> 00:05:05,620 So you can see the graph of Reliance Industries in this case. 66 00:05:06,350 --> 00:05:07,640 Can you spot a rising tide? 67 00:05:07,660 --> 00:05:14,420 In this case, the C market is an uptrend and this is where you have rising three. 68 00:05:15,450 --> 00:05:23,100 The was scandal, there are three smaller scandals and fifth scandal is a police which is closing above 69 00:05:23,100 --> 00:05:27,680 the high, and that is an indication that the market is going to continue in future. 70 00:05:28,110 --> 00:05:34,400 But as I told you, that finding a rising tree is very rare, very difficult to find out. 71 00:05:35,070 --> 00:05:41,220 You know, you can you can just understand what I'm trying to tell by doing any chart. 72 00:05:41,220 --> 00:05:47,700 And this is you will find them very, very less in numbers as compared to Hammer, a bullish engulfing 73 00:05:47,700 --> 00:05:48,900 or morning stars. 74 00:05:49,320 --> 00:05:53,820 They are very common to find as compared to rising three.