Let's go to the last candle that is evening star in case a bullish pattern, it was Morningstar.
Here we have Evening Star.
Now, Evening Star has three candles for Scandal is a bullish one, of course, because we are seeing
that market is in uptrend.
Bullish can come second can do it.
And as you must be remembering, that this dodgy can come anywhere.
It can come here, it can come here.
It can even come here.
It can come here as well.
It can come anywhere.
Then you have third country, which is bearish, one which can again open at any point.
It can open here, here as well as here.
Rather than open the closes, more important here, this close should be below this law, but this is
the law of first scandal.
Close of Burgundy should be below the low of the scandal, then only it will be a valid evening start
pattern, right?
So Evening Star is a trick and then we should get from Greenmarket is an acronym for Scandalise Bullish.
One second is a dodgy, thirdhand bearish and closes below the law for scandal.
Here, Dorji indicates that buyers have exhausted.
So in last year.
Also I explained, you see, for example, this is your bullish kandal, right?
And then you have a duty.
So this is a duty which can get formed when market is like this.
And then you have third Kandal, which is bearish when something like this.
So this indicates that.
Buyers have exhausted buyers and lost their fuel to push market up, buyers are exhausted and there
is a consolidation and barriers now take benefit of this exhaustion and push market down.
This is how you have to read the evening star.
Let's go and see if we can see some evening star on the charts.
Look here on this D.C. bank itself, this is.
An evening star, isn't it?
The first scandal, which is bullish on credit in uptrend, the bullish one second and third candle.
And you can see the sharp sell off to get down and market closed below the low of this bullish channel
and consequently you can see that market fell and that is how it worked.
I'll give you another example.
See this chart of Maruti Suzuki?
Can you spot an evening star in this case?
Just look and try to identify an evening star.
So here it is.
This is where we have an evening star for Scandalise, a bullish one market is in uptrend.
So you can listen to the talk and listen very strong in closing below the low of this scandal.
Not exactly, but yes, you can still take it.
And then you can see there was a sell off in the market.
So you can identify such patterns, you'll get Evening Star again many times in the market.
Uh, let me just ask you whether this is an evening star.
We have a that candidate to enter this very scandal this evening.
Stock market is in uptrend.
The answer is no, this is not an evening star, because this, again, this close of this scandal should
be below here below the level of the scandal, which is not there in this case.
Fine.
So we have covered the four types of various levels are patterns, namely we have seen the inverted
hammer, we have seen bearish engulfing, we are seeing bearish passing and we are seeing evening start
with these four are very famous patterns.
But as I told you, that these patterns cannot be traded in isolation.
You have to apply all those filters before taking up this trade.
This is the difference between the noise traders and the professional traders.
It is not about the pattern itself.
It is about how you trade those patterns, how you filter them, how you manage that particular trade
when these patterns are formed.
That is very important.
Noise traders, what they will do, they will just go short as soon as they see an evening star.
They do not know when to take profit.
They do not know when they will take loss.
What will happen if market goes up?
In this case, they will start losing money and they will have no idea as to when to exit either, whether
they'll keep a very small stop loss or they will keep a very big stop loss, which will increase their
losses or they will not exist at the street at all.
They will hope and hope to gain market to go in their favor.
That is not how a professional trader trades.
A professional trader knows that there are going to be losers and when there are going to be losers.
He ensures that he comes out with those traits with minimal losses.
That is the hallmark of a professional trader.
That is what you have to understand.
Fine.
Having seen the reversal patterns, let's now go to the next video.