So firstly, we are going to see the bullish reversal patterns, first of all, I will explain the concept
of reversal pattern and then we'll see for famous bullish reversal patterns that are normally observed
on the charts.
So what exactly is the meaning of reversal patterns?
So the meaning of reversal means a pattern which will reverse the trend of the market.
So when we talk about bullish reversal pattern, it is such a pattern which will reverse the current
ongoing downtrend.
So say, for example.
These are few patterns.
That I will be teaching you in this module so you can see this is where a button is formed and this
is again a button.
This is again, a pattern bullish engulfing.
This is bullish engulfing.
This is a Morningstar.
So you can see when these patterns are formed, the trend is getting reversed.
So previously it was a downtrend.
Now to become uptrend again.
Then this is from the downtrend has become uptrend again.
This is from downturn has become uptrend.
So using this reversal patterns, you can kind of catch the bottom of the market.
You can at the very bottom of the market and take benefit of the big trend that is going to start in
the market.
So basically a reversal pattern is a pattern that reverses the direction of the trend.
That is a downtrend becomes uptrend when you see such reversal patterns on the charts.
So for important reversal patterns, we are going to learn, although there are many candlestick patterns
that you can observe in the market.
But I'm going to tell you the most common and the most useful patterns that normally are observed,
because there is no point in starting so many patterns and not using many of them.
So I'm going to teach you only those which are very famous and which are normally formed.