1 00:00:00,910 --> 00:00:07,000 So firstly, we are going to see the bullish reversal patterns, first of all, I will explain the concept 2 00:00:07,000 --> 00:00:14,200 of reversal pattern and then we'll see for famous bullish reversal patterns that are normally observed 3 00:00:14,230 --> 00:00:15,170 on the charts. 4 00:00:15,670 --> 00:00:19,440 So what exactly is the meaning of reversal patterns? 5 00:00:19,450 --> 00:00:27,370 So the meaning of reversal means a pattern which will reverse the trend of the market. 6 00:00:27,970 --> 00:00:35,920 So when we talk about bullish reversal pattern, it is such a pattern which will reverse the current 7 00:00:35,950 --> 00:00:37,350 ongoing downtrend. 8 00:00:37,630 --> 00:00:39,010 So say, for example. 9 00:00:40,140 --> 00:00:41,730 These are few patterns. 10 00:00:42,750 --> 00:00:50,070 That I will be teaching you in this module so you can see this is where a button is formed and this 11 00:00:50,070 --> 00:00:51,170 is again a button. 12 00:00:51,270 --> 00:00:53,160 This is again, a pattern bullish engulfing. 13 00:00:53,160 --> 00:00:54,300 This is bullish engulfing. 14 00:00:54,910 --> 00:00:56,640 This is a Morningstar. 15 00:00:56,880 --> 00:01:01,140 So you can see when these patterns are formed, the trend is getting reversed. 16 00:01:01,170 --> 00:01:03,000 So previously it was a downtrend. 17 00:01:03,000 --> 00:01:05,130 Now to become uptrend again. 18 00:01:05,310 --> 00:01:09,450 Then this is from the downtrend has become uptrend again. 19 00:01:09,450 --> 00:01:11,960 This is from downturn has become uptrend. 20 00:01:12,600 --> 00:01:18,750 So using this reversal patterns, you can kind of catch the bottom of the market. 21 00:01:18,840 --> 00:01:27,210 You can at the very bottom of the market and take benefit of the big trend that is going to start in 22 00:01:27,210 --> 00:01:27,710 the market. 23 00:01:28,020 --> 00:01:34,260 So basically a reversal pattern is a pattern that reverses the direction of the trend. 24 00:01:34,260 --> 00:01:42,660 That is a downtrend becomes uptrend when you see such reversal patterns on the charts. 25 00:01:43,380 --> 00:01:51,120 So for important reversal patterns, we are going to learn, although there are many candlestick patterns 26 00:01:51,720 --> 00:01:53,610 that you can observe in the market. 27 00:01:53,610 --> 00:02:00,600 But I'm going to tell you the most common and the most useful patterns that normally are observed, 28 00:02:00,600 --> 00:02:05,210 because there is no point in starting so many patterns and not using many of them. 29 00:02:05,550 --> 00:02:11,070 So I'm going to teach you only those which are very famous and which are normally formed.