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Let's now move on to the last.

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Bullish reversal, candlestick burden, that is Morningstar, the Morningstar contains three candidates,

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as you can see on the left side.

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First scandal is Burish, one second candle.

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Is a dodgy.

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Isn't it first, Canada is very scandal, second candle is a dodgy idea, ideally speaking, dodgy should

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form below the close of this particular candle.

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But actually in practical, you may not find it like this.

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You may get to do some work here or maybe somewhere down below here.

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OK, so it's OK when you do this phone here as well.

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But ideally speaking, it should be below the close of this very candle and third candle.

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Third candle is very important.

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Kurt Campbell is a bullish one.

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It can start anywhere.

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It can start above this, below this or at this point, that is not important.

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What important is that?

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Close this close should be above the height of this candle.

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This is very important.

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If this is not the case, then Morningstar does not exist, so for scandal is a very scandal.

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Market is in downturn for scandals from Burish one, then you have a dodgy which can get from anywhere.

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Kirkendall is a bullish scandal which can open Gapo, which can open lower anywhere.

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But exclosure should be above the high of the first bearish candle.

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This candle is very sorry.

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This pattern is very powerful.

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And when it comes in the market, it is a strong reversal pattern that you can see.

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What is the logic behind this pattern?

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Try to understand.

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For example, we we have bear candle.

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So for example, this is what is happening so fast can formed like this.

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But this is a false candle, something like this.

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Now we have a second candle, say, for example, this one, Dorji, which opened at this place, and

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it is creating something like this.

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So there is no much movement and this is how it doges formed.

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And Third Candle is a bullish one.

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Say, for example, it opens here and it.

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You know, aggressively goes up and closes above this high.

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So when this happens, you you get this kind of morning star, so what does it indicate?

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Try to understand it indicates that sailor.

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In this case, they are in control, this indicates that sellers have exhausted their lost the fuel.

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There is no fuel left to pull the market down.

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And this is where both take benefit of this.

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And the Bush market higher and above the high of this resistance which was created, and this is how

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Morningstar is formed, and therefore Morningstar is a very powerful reversal, bullish pattern that

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you will observe in the market.

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So could recap Morningstar is a three candle pattern.

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It should get formed when market is in downtrend for scandal is a bearish scandal.

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Second is a dodgy, isn't it?

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And third candle is a bullish candle which closes above the first candle.

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This is fifth point is very important.

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If it does not lose, it is not necessary just to have a bullish can.

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No, it should close above the high of first candle because that is when this resistance will be broken

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into.

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That is that is what we want.

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So here this Dougie, Dougie Vitalogy important because it indicates that sellers have lost the fuel.

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If you add fuel is not there to push the market down.

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Sailors are exhausted and therefore both here take control of the market and they try to reverse the

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market.

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This is the logic behind Morningstar, novelty example of Morningstar and see whether it works in the

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market or not.

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This is the.

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Sort of d.c.'s.

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Do you see a morning here?

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I can spot a few morning stars and we'll see which worked and which didn't.

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This is first one.

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Market in downturn one.

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Then you have Morningstar, isn't it?

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This is the first scandal, very scandal, second logical and third is Bouley scandal, which closed

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above the.

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Clues about the high of this bully scandal, so we have a second one that is also getting formed and

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next candle is important.

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Don't immediately find out the next candle.

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So next candle has open bullish.

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So all parameters are correct.

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And I can tell you that if you calculate the risk reward here, this would have been somewhere here,

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somewhere in here.

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And next, immediate resistance is this one.

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So from this point to this point, you can just find out that this is smaller than this.

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So your risk is lesser than your reward.

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So this is an example where Morningstar worked.

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Let me ask you a question, let me ask you a question, is this a Morningstar?

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But we are very candid and bullish on this morning's top.

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The answer is no, this is not a Morningstar because, see, first is a British scandal.

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Secondly, the dodgy but third scandal, although it is a bullish canley, did not close above the high

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of this.

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It was below this point.

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And therefore, we will not consider this dodgy pattern, although it worked.

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It worked because the next day market opened the gap.

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But, yes, technically speaking, we are not taking this trade.

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I'll give you another example of Dorjee, this one.

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So we have these three patents.

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This is the first one.

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This is the second one.

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Third one.

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But we are not going to take this because it did not come when market is falling, it has come when

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market is rising.

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And that that is not the purpose of Morningstar because Morningstar is a trend reversal pattern.

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So ideally speaking, bearish trend should get reversed after this pattern is formed.

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So that is the logic behind Morningstar.

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I'll show you a Morningstar where it did not work.

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So it came on Tata Motors.

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In 2019.

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Yes, this is a graph of Tata Motors, can you support the Morningstar here?

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Yes, you can see that this is where we have our morning star.

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But try to understand in this case, there are four candidates.

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This is the first one, which is Burish, the second one, this is dodgy, and third one is also a dodgy

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and fourth one is a scandal which blows above the high of this very scandal.

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So even though there are two doges, we will consider this because ultimately, ultimately, what is

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the logic?

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Say, for example, market is falling, OK, the market is remaining stagnant.

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So this is the first and one second.

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Also, market is remaining stagnant.

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This is technology that is getting formed.

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And then you have high end, which is closed.

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So this is OK.

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You have to treat wages are there.

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It is OK.

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Don't just go by the rule book.

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Try to understand what it is trying to tell you.

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OK, so basically this is a this is a Morningstar, but.

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It did not work, isn't it?

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It should have gone up, but it did not happen.

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Market went down.

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Know why it went down?

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Let's understand.

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See, I'll just zoom in a bit.

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See here, after getting the morning start, morning studies completed when this scandal is finished,

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no see the next scandal, next scandal has opened lower.

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Did it open bullish?

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No.

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Then are we going to take this straight?

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No, because it should open bullets, because that is the whole logic behind Morningstar when we are

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seeing that trend is getting reversed and the next scandal is opening lower, then.

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Does it indicate that trend is getting reversed?

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Not at all.

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Market should have open somewhere here, somewhere here, somewhere here, which did not happen.

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And therefore, in this case, although it was a Morningstar that failed.

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So we have to use filters like this to.

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Find out the best.

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Trades, high probability trades, I hope you have understood this.

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Let's now go to the next concept.