We will now see one continuation pattern in case of Burish candlestick pattern when we talked about
bullish continuation pattern we saw recently.
So there was a bullish candle, two, three doges and again, a bullish candle in case of falling tree.
We have a very scandal and then we have two, three doges and we have another bearish candle which closes
below the low of this game.
When we are talking about falling tree, we are talking about continuation pattern.
That means we are assuming that the market is already in downtrend.
Try to understand we are talking about continuation pattern here.
Market is in downtrend and in downtrend.
This is the downtrend in downtrend.
This very scandal has come.
So that shows that bears are in control now.
We have two, three, maybe four, maybe five.
OK, so we have a few candles, smaller ones.
Best it should be, Dorji, they should be within the range of this high and low of a scale, so we
have multiple countries getting formed here.
Then you have LA scandal, which is long enough and closes this.
The close closes below the low of the scandal.
When this happens, we can see that falling tree is there and you should go short on the open of next
scandal.
Whatever is the next scandal, if it opens burish, then you can go short on this very scandal.
But if it opens Bullis something like this, then we are not going to trade.
It should open.
This is the close.
It should open below this close.
That is very important.
So quick recap here in case of voluntary market isn't untrain, it contains five countries.
But as I told you, do not go by the rule book.
You can have six, seven, eight, minimum five.
OK, so are to modify here.
It should be minimum five ganders.
But first and last and should be long, burish one, this is very important.
It should be long and it should be very soon.
And all those in between in between first and last can and should be do or should have a small body
that is not that important, should have a small body.
What does it indicate to you if we try to plot this using graph?
It will look like this say the market is falling.
And in falling markets, for example, this is the first very scandal that has come.
Now you have another scandal which is dodgy.
So this is a load of Fosdick.
You have another dodgy for example, here you have another dodgy getting from here, you have another
dodgy getting from here.
So what what what is this happening?
This is where.
The sailors, existing sailors, they are exiting from their position this indicate that they are exiting
from their position and when this exit is completed, you have a last bear candle, which.
Closes below the low of this scandal.
This is where it gets completed and on the open of next scandal, you can go short and you will expect
that market has fallen further.
And this is the logic behind the pattern that we are talking about.
So we have to understand what this scandal is trying to tell us.
Don't just go that first is bearish one, then you have to do the third is bearish.
When goosh or not, we have to understand what exactly is happening with that particular pattern in
market.
So few things that you should keep in mind is that all those scandals which are in between first and
last, must be within the range of scandal.
So this is the range of scandals, high and low.
So all the scandals should be within this range.
Last scandal should close below the level of fossicking.
So this is the low.
It should close below the low of this one.
And as a tool, they can be more than three scandals after the first and before the last scandal.
This is what a falling tree is for, you will go on the chart and see if we can see any falling tree.
So this is a chart of repro.
Can you spot a falling tree in this case?
Practically speaking, you will find very less falling tree patterns getting formed in the market,
but yes, in this case, you can see this one and as I told you, that there can be more than three
ganders in between first and last one.
So look at this one.
This is the first candle.
Then you have second, third, fourth, fifth and sixth.
Now there are five candles which have closed within the range of scandal and you have lost a candle
which has closed below this particular low.
So in other words, you can say that it has broken this support.
So this was the support to the stock and it has broken the support.
And then you can see the downturn has continued.
So falling tree is a very Spartan, which will continue the existing bearish trend which is prevalent
in the market.
I hope you've understood the five types of bearish patterns that we have seen, four of them were reversal
and one of them were a continuation pattern.