1 00:00:00,120 --> 00:00:07,410 So the next reversal pattern is bearish, piercing, which is nothing but the inverse of bullish person 2 00:00:07,800 --> 00:00:09,030 in bearish piercing. 3 00:00:09,330 --> 00:00:10,900 We have two scandals. 4 00:00:10,920 --> 00:00:12,090 First one is bearish. 5 00:00:12,100 --> 00:00:17,670 Remember, that market is in uptrend, but bullish candles from Second Candle is bearish, one which 6 00:00:17,670 --> 00:00:18,210 opens. 7 00:00:18,220 --> 00:00:18,860 Get up. 8 00:00:19,530 --> 00:00:22,080 OK, so this was the close of previous. 9 00:00:22,080 --> 00:00:27,900 The market opens here that shows that bulls were in control at the beginning. 10 00:00:28,320 --> 00:00:36,030 Then market goes a little higher than bears take control and market closes half way below. 11 00:00:36,240 --> 00:00:41,130 The bullish market is closing below this halfway. 12 00:00:42,150 --> 00:00:50,550 When this happened, we can say that Burish piercing is fun, and as I have told you in person as well, 13 00:00:51,450 --> 00:01:00,120 Burish person is comparatively a lesser convincing person as compared to Burish engulfing. 14 00:01:00,120 --> 00:01:09,960 So bearish engulfing is much more convincing than bearish piercing because in that case, market closes 15 00:01:10,410 --> 00:01:15,910 below the low of previous days. 16 00:01:15,960 --> 00:01:18,930 So that this is in this more convincing than this. 17 00:01:19,530 --> 00:01:19,860 Fine. 18 00:01:20,040 --> 00:01:25,350 But still, even if bearish person comes, you can you can take it and you can trade on the basis of 19 00:01:25,350 --> 00:01:25,640 this. 20 00:01:26,400 --> 00:01:31,290 So it's a two candle pattern should get formed when market is an uptrend for scandal is bullish on this. 21 00:01:31,290 --> 00:01:37,500 One second is bearish one, Richard, which should close 50 below the midway. 22 00:01:37,500 --> 00:01:39,300 That is 50 percent of the scandal. 23 00:01:39,300 --> 00:01:45,630 This one, it indicates that buyers have lower control as compared to bearish engulfing pattern. 24 00:01:45,720 --> 00:01:53,670 So bearish, engulfing and bullish bearish piercing, if I ask, bearish engulfing and bearish piercing 25 00:01:54,210 --> 00:01:56,640 competitively, this is better. 26 00:01:57,640 --> 00:02:04,240 And Burish piercing is second priority if you if you ask me. 27 00:02:05,060 --> 00:02:14,230 Let's go now to the chart and see that you will see very piercing and bearish engulfing many times. 28 00:02:15,370 --> 00:02:18,330 So this is the chart of the U.S. bank. 29 00:02:19,840 --> 00:02:23,050 Can you identify a bearish piercing in this case? 30 00:02:25,260 --> 00:02:28,470 Do you recognize this person, this one? 31 00:02:29,930 --> 00:02:35,660 You can see this is the very specific pattern in which. 32 00:02:36,620 --> 00:02:38,150 First, this is the first scandal. 33 00:02:39,610 --> 00:02:41,800 Which is bullish, one market is in uptrend. 34 00:02:42,070 --> 00:02:50,620 Second, Kandal opens gap and closes below the midway of bullish scandal if this happens. 35 00:02:51,070 --> 00:02:53,000 This is an example of bearish piercing. 36 00:02:53,320 --> 00:02:54,640 So you can kind of bear to see. 37 00:02:54,640 --> 00:02:57,350 You can see that it's just open where it closed. 38 00:02:57,400 --> 00:03:02,230 You can take it and see market has fallen sharply, but yes, it has fallen. 39 00:03:02,950 --> 00:03:06,700 So this is how you can identify a very specific. 40 00:03:07,890 --> 00:03:13,400 I hope you have understood I am not devoting a lot of time on this because I've already told you how 41 00:03:13,410 --> 00:03:21,750 what what is the setup of taking such trips and what has to be done while analyzing such kind of patterns, 42 00:03:22,500 --> 00:03:24,540 as I have told you in previous cases, Will? 43 00:03:24,540 --> 00:03:27,080 Well, we have to understand whether it is a train. 44 00:03:27,090 --> 00:03:31,650 We have to see with the partners getting phone, then see the next scandal, find out that the water 45 00:03:31,650 --> 00:03:38,190 issue, then find out whether some support resistance is there, and then see if it is near a train 46 00:03:38,190 --> 00:03:39,110 line, etc..