1 00:00:00,680 --> 00:00:09,020 We will now see one continuation pattern in case of Burish candlestick pattern when we talked about 2 00:00:09,020 --> 00:00:13,170 bullish continuation pattern we saw recently. 3 00:00:13,250 --> 00:00:20,280 So there was a bullish candle, two, three doges and again, a bullish candle in case of falling tree. 4 00:00:20,570 --> 00:00:30,200 We have a very scandal and then we have two, three doges and we have another bearish candle which closes 5 00:00:30,560 --> 00:00:32,660 below the low of this game. 6 00:00:33,470 --> 00:00:37,490 When we are talking about falling tree, we are talking about continuation pattern. 7 00:00:37,640 --> 00:00:40,960 That means we are assuming that the market is already in downtrend. 8 00:00:42,200 --> 00:00:46,140 Try to understand we are talking about continuation pattern here. 9 00:00:46,160 --> 00:00:48,770 Market is in downtrend and in downtrend. 10 00:00:49,070 --> 00:00:50,820 This is the downtrend in downtrend. 11 00:00:50,900 --> 00:00:53,030 This very scandal has come. 12 00:00:54,190 --> 00:00:58,590 So that shows that bears are in control now. 13 00:00:58,670 --> 00:01:01,900 We have two, three, maybe four, maybe five. 14 00:01:02,260 --> 00:01:06,670 OK, so we have a few candles, smaller ones. 15 00:01:08,250 --> 00:01:16,710 Best it should be, Dorji, they should be within the range of this high and low of a scale, so we 16 00:01:16,710 --> 00:01:18,710 have multiple countries getting formed here. 17 00:01:19,170 --> 00:01:24,380 Then you have LA scandal, which is long enough and closes this. 18 00:01:24,420 --> 00:01:27,860 The close closes below the low of the scandal. 19 00:01:28,410 --> 00:01:38,850 When this happens, we can see that falling tree is there and you should go short on the open of next 20 00:01:38,850 --> 00:01:39,210 scandal. 21 00:01:39,300 --> 00:01:45,540 Whatever is the next scandal, if it opens burish, then you can go short on this very scandal. 22 00:01:46,140 --> 00:01:50,330 But if it opens Bullis something like this, then we are not going to trade. 23 00:01:50,490 --> 00:01:51,320 It should open. 24 00:01:51,960 --> 00:01:53,010 This is the close. 25 00:01:53,010 --> 00:01:54,690 It should open below this close. 26 00:01:54,690 --> 00:01:55,710 That is very important. 27 00:01:56,880 --> 00:02:03,930 So quick recap here in case of voluntary market isn't untrain, it contains five countries. 28 00:02:03,930 --> 00:02:06,600 But as I told you, do not go by the rule book. 29 00:02:06,600 --> 00:02:09,870 You can have six, seven, eight, minimum five. 30 00:02:10,140 --> 00:02:12,120 OK, so are to modify here. 31 00:02:12,120 --> 00:02:14,610 It should be minimum five ganders. 32 00:02:15,730 --> 00:02:20,530 But first and last and should be long, burish one, this is very important. 33 00:02:20,560 --> 00:02:22,480 It should be long and it should be very soon. 34 00:02:22,870 --> 00:02:30,850 And all those in between in between first and last can and should be do or should have a small body 35 00:02:31,090 --> 00:02:33,810 that is not that important, should have a small body. 36 00:02:34,150 --> 00:02:40,280 What does it indicate to you if we try to plot this using graph? 37 00:02:40,300 --> 00:02:45,130 It will look like this say the market is falling. 38 00:02:45,130 --> 00:02:48,880 And in falling markets, for example, this is the first very scandal that has come. 39 00:02:50,200 --> 00:02:53,580 Now you have another scandal which is dodgy. 40 00:02:53,890 --> 00:02:56,800 So this is a load of Fosdick. 41 00:02:57,160 --> 00:03:03,850 You have another dodgy for example, here you have another dodgy getting from here, you have another 42 00:03:03,850 --> 00:03:04,940 dodgy getting from here. 43 00:03:05,260 --> 00:03:07,170 So what what what is this happening? 44 00:03:07,870 --> 00:03:08,650 This is where. 45 00:03:10,110 --> 00:03:16,380 The sailors, existing sailors, they are exiting from their position this indicate that they are exiting 46 00:03:16,380 --> 00:03:24,780 from their position and when this exit is completed, you have a last bear candle, which. 47 00:03:25,670 --> 00:03:29,870 Closes below the low of this scandal. 48 00:03:31,040 --> 00:03:37,250 This is where it gets completed and on the open of next scandal, you can go short and you will expect 49 00:03:37,250 --> 00:03:39,640 that market has fallen further. 50 00:03:40,250 --> 00:03:45,790 And this is the logic behind the pattern that we are talking about. 51 00:03:46,100 --> 00:03:49,550 So we have to understand what this scandal is trying to tell us. 52 00:03:49,560 --> 00:03:54,170 Don't just go that first is bearish one, then you have to do the third is bearish. 53 00:03:54,170 --> 00:04:00,050 When goosh or not, we have to understand what exactly is happening with that particular pattern in 54 00:04:00,050 --> 00:04:00,470 market. 55 00:04:01,160 --> 00:04:07,070 So few things that you should keep in mind is that all those scandals which are in between first and 56 00:04:07,070 --> 00:04:10,500 last, must be within the range of scandal. 57 00:04:10,550 --> 00:04:13,870 So this is the range of scandals, high and low. 58 00:04:14,210 --> 00:04:16,490 So all the scandals should be within this range. 59 00:04:17,300 --> 00:04:21,720 Last scandal should close below the level of fossicking. 60 00:04:21,750 --> 00:04:22,580 So this is the low. 61 00:04:22,580 --> 00:04:25,390 It should close below the low of this one. 62 00:04:26,240 --> 00:04:31,760 And as a tool, they can be more than three scandals after the first and before the last scandal. 63 00:04:32,860 --> 00:04:40,560 This is what a falling tree is for, you will go on the chart and see if we can see any falling tree. 64 00:04:41,110 --> 00:04:42,650 So this is a chart of repro. 65 00:04:43,420 --> 00:04:46,990 Can you spot a falling tree in this case? 66 00:04:50,350 --> 00:04:57,970 Practically speaking, you will find very less falling tree patterns getting formed in the market, 67 00:04:59,440 --> 00:05:06,220 but yes, in this case, you can see this one and as I told you, that there can be more than three 68 00:05:06,760 --> 00:05:09,040 ganders in between first and last one. 69 00:05:09,310 --> 00:05:11,110 So look at this one. 70 00:05:11,120 --> 00:05:12,210 This is the first candle. 71 00:05:13,000 --> 00:05:15,430 Then you have second, third, fourth, fifth and sixth. 72 00:05:15,450 --> 00:05:22,450 Now there are five candles which have closed within the range of scandal and you have lost a candle 73 00:05:22,450 --> 00:05:26,400 which has closed below this particular low. 74 00:05:26,710 --> 00:05:30,140 So in other words, you can say that it has broken this support. 75 00:05:30,170 --> 00:05:34,690 So this was the support to the stock and it has broken the support. 76 00:05:34,690 --> 00:05:38,200 And then you can see the downturn has continued. 77 00:05:38,770 --> 00:05:48,100 So falling tree is a very Spartan, which will continue the existing bearish trend which is prevalent 78 00:05:48,100 --> 00:05:48,750 in the market. 79 00:05:51,420 --> 00:05:59,130 I hope you've understood the five types of bearish patterns that we have seen, four of them were reversal 80 00:05:59,430 --> 00:06:02,940 and one of them were a continuation pattern.