1 00:00:00,450 --> 00:00:07,640 Let's go to the last candle that is evening star in case a bullish pattern, it was Morningstar. 2 00:00:08,070 --> 00:00:10,260 Here we have Evening Star. 3 00:00:11,310 --> 00:00:20,460 Now, Evening Star has three candles for Scandal is a bullish one, of course, because we are seeing 4 00:00:20,460 --> 00:00:21,700 that market is in uptrend. 5 00:00:21,720 --> 00:00:24,840 Bullish can come second can do it. 6 00:00:25,800 --> 00:00:29,970 And as you must be remembering, that this dodgy can come anywhere. 7 00:00:29,970 --> 00:00:32,550 It can come here, it can come here. 8 00:00:32,610 --> 00:00:34,350 It can even come here. 9 00:00:34,380 --> 00:00:35,570 It can come here as well. 10 00:00:35,670 --> 00:00:36,690 It can come anywhere. 11 00:00:37,890 --> 00:00:43,350 Then you have third country, which is bearish, one which can again open at any point. 12 00:00:43,350 --> 00:00:45,450 It can open here, here as well as here. 13 00:00:46,880 --> 00:00:55,010 Rather than open the closes, more important here, this close should be below this law, but this is 14 00:00:55,010 --> 00:00:57,080 the law of first scandal. 15 00:00:58,420 --> 00:01:06,790 Close of Burgundy should be below the low of the scandal, then only it will be a valid evening start 16 00:01:07,330 --> 00:01:08,830 pattern, right? 17 00:01:09,370 --> 00:01:15,490 So Evening Star is a trick and then we should get from Greenmarket is an acronym for Scandalise Bullish. 18 00:01:15,490 --> 00:01:20,890 One second is a dodgy, thirdhand bearish and closes below the law for scandal. 19 00:01:21,430 --> 00:01:24,370 Here, Dorji indicates that buyers have exhausted. 20 00:01:24,490 --> 00:01:25,780 So in last year. 21 00:01:25,780 --> 00:01:29,950 Also I explained, you see, for example, this is your bullish kandal, right? 22 00:01:30,430 --> 00:01:32,100 And then you have a duty. 23 00:01:32,110 --> 00:01:37,240 So this is a duty which can get formed when market is like this. 24 00:01:37,540 --> 00:01:41,980 And then you have third Kandal, which is bearish when something like this. 25 00:01:43,060 --> 00:01:45,070 So this indicates that. 26 00:01:46,600 --> 00:01:54,760 Buyers have exhausted buyers and lost their fuel to push market up, buyers are exhausted and there 27 00:01:54,760 --> 00:02:01,150 is a consolidation and barriers now take benefit of this exhaustion and push market down. 28 00:02:01,660 --> 00:02:04,800 This is how you have to read the evening star. 29 00:02:05,380 --> 00:02:09,670 Let's go and see if we can see some evening star on the charts. 30 00:02:12,200 --> 00:02:16,700 Look here on this D.C. bank itself, this is. 31 00:02:17,980 --> 00:02:20,160 An evening star, isn't it? 32 00:02:21,230 --> 00:02:28,790 The first scandal, which is bullish on credit in uptrend, the bullish one second and third candle. 33 00:02:29,730 --> 00:02:38,130 And you can see the sharp sell off to get down and market closed below the low of this bullish channel 34 00:02:38,700 --> 00:02:44,430 and consequently you can see that market fell and that is how it worked. 35 00:02:44,910 --> 00:02:46,340 I'll give you another example. 36 00:02:46,800 --> 00:02:48,760 See this chart of Maruti Suzuki? 37 00:02:48,870 --> 00:02:51,300 Can you spot an evening star in this case? 38 00:02:52,680 --> 00:02:57,190 Just look and try to identify an evening star. 39 00:02:57,720 --> 00:02:58,530 So here it is. 40 00:02:59,820 --> 00:03:04,400 This is where we have an evening star for Scandalise, a bullish one market is in uptrend. 41 00:03:04,770 --> 00:03:09,680 So you can listen to the talk and listen very strong in closing below the low of this scandal. 42 00:03:10,290 --> 00:03:13,680 Not exactly, but yes, you can still take it. 43 00:03:14,070 --> 00:03:16,820 And then you can see there was a sell off in the market. 44 00:03:17,920 --> 00:03:24,970 So you can identify such patterns, you'll get Evening Star again many times in the market. 45 00:03:25,690 --> 00:03:29,240 Uh, let me just ask you whether this is an evening star. 46 00:03:30,440 --> 00:03:34,840 We have a that candidate to enter this very scandal this evening. 47 00:03:34,840 --> 00:03:36,520 Stock market is in uptrend. 48 00:03:37,600 --> 00:03:44,320 The answer is no, this is not an evening star, because this, again, this close of this scandal should 49 00:03:44,320 --> 00:03:52,180 be below here below the level of the scandal, which is not there in this case. 50 00:03:53,150 --> 00:03:53,520 Fine. 51 00:03:54,140 --> 00:04:06,710 So we have covered the four types of various levels are patterns, namely we have seen the inverted 52 00:04:06,710 --> 00:04:15,960 hammer, we have seen bearish engulfing, we are seeing bearish passing and we are seeing evening start 53 00:04:16,560 --> 00:04:18,890 with these four are very famous patterns. 54 00:04:19,400 --> 00:04:23,740 But as I told you, that these patterns cannot be traded in isolation. 55 00:04:24,170 --> 00:04:28,460 You have to apply all those filters before taking up this trade. 56 00:04:28,580 --> 00:04:33,640 This is the difference between the noise traders and the professional traders. 57 00:04:34,370 --> 00:04:38,060 It is not about the pattern itself. 58 00:04:38,070 --> 00:04:44,480 It is about how you trade those patterns, how you filter them, how you manage that particular trade 59 00:04:44,480 --> 00:04:46,350 when these patterns are formed. 60 00:04:46,400 --> 00:04:47,420 That is very important. 61 00:04:47,840 --> 00:04:52,670 Noise traders, what they will do, they will just go short as soon as they see an evening star. 62 00:04:53,390 --> 00:04:54,910 They do not know when to take profit. 63 00:04:54,920 --> 00:04:57,020 They do not know when they will take loss. 64 00:04:57,260 --> 00:04:59,870 What will happen if market goes up? 65 00:04:59,870 --> 00:05:05,120 In this case, they will start losing money and they will have no idea as to when to exit either, whether 66 00:05:05,120 --> 00:05:10,400 they'll keep a very small stop loss or they will keep a very big stop loss, which will increase their 67 00:05:10,400 --> 00:05:14,290 losses or they will not exist at the street at all. 68 00:05:14,300 --> 00:05:19,370 They will hope and hope to gain market to go in their favor. 69 00:05:19,640 --> 00:05:22,520 That is not how a professional trader trades. 70 00:05:22,790 --> 00:05:28,340 A professional trader knows that there are going to be losers and when there are going to be losers. 71 00:05:29,380 --> 00:05:34,340 He ensures that he comes out with those traits with minimal losses. 72 00:05:34,720 --> 00:05:37,370 That is the hallmark of a professional trader. 73 00:05:37,840 --> 00:05:39,260 That is what you have to understand. 74 00:05:40,030 --> 00:05:40,480 Fine. 75 00:05:40,870 --> 00:05:46,270 Having seen the reversal patterns, let's now go to the next video.