1
00:00:01,360 --> 00:00:07,630
Now will move towards the next bullish reversal candlestick pattern that is bullish engulfing.

2
00:00:09,160 --> 00:00:15,840
Like Hammer, you will also find that you are getting a lot of bullish engulfing on the chart.

3
00:00:16,660 --> 00:00:19,930
So bullish engulfing pattern contains two scandals.

4
00:00:20,980 --> 00:00:28,510
First, Candy, as you can see, is a very scandal and second, scandal is a bully scandal who's open?

5
00:00:29,720 --> 00:00:41,900
Try to understand who's open is below the close of the candle and whose nose is above the open of Burish

6
00:00:41,900 --> 00:00:52,280
Candle, and ideally speaking, that bullish candle should completely cover the bearish candle of previous

7
00:00:52,280 --> 00:00:52,550
dean.

8
00:00:53,000 --> 00:00:57,600
So when this is fun, then we call it as a bullish engulfing.

9
00:00:58,310 --> 00:00:59,370
What does it indicate?

10
00:01:00,860 --> 00:01:06,680
See, this reversal patterns are to be traded when market is falling to see what the market is falling

11
00:01:06,680 --> 00:01:07,720
and falling market.

12
00:01:07,730 --> 00:01:10,020
This bearish scandal has come.

13
00:01:10,460 --> 00:01:16,660
So that means that bears were in control when this candle closed below its open.

14
00:01:17,810 --> 00:01:19,160
What happened on the next day?

15
00:01:19,190 --> 00:01:20,720
Next, the market open.

16
00:01:20,870 --> 00:01:21,610
Get down.

17
00:01:21,800 --> 00:01:26,150
That means at the time of open bears were in control of the market.

18
00:01:26,840 --> 00:01:27,770
But what happened?

19
00:01:28,550 --> 00:01:33,720
Bears tried to pull the market down, but failed to do so.

20
00:01:34,520 --> 00:01:42,190
Bulls came into the picture and bulls closed the market above this high.

21
00:01:42,680 --> 00:01:49,460
So ideally speaking, markets should close above this high because this high is acting as a resistance

22
00:01:49,460 --> 00:01:50,120
to the price.

23
00:01:50,480 --> 00:01:53,120
So when this resistance is broken, it's a good sign.

24
00:01:53,550 --> 00:01:56,620
So technically speaking, this is how it should happen.

25
00:01:57,170 --> 00:02:04,070
So that is the logic behind bullish engulfing and bullish engulfing is a very strong bullish pattern

26
00:02:04,130 --> 00:02:09,500
and which can reverse the existing trend so quickly.

27
00:02:09,500 --> 00:02:13,530
Recap that bullish engulfing is a two candle pattern.

28
00:02:14,060 --> 00:02:20,990
This pattern is formed when the market is in downturn trend wherein for scandal is a very scandal.

29
00:02:21,290 --> 00:02:28,320
And second scandal is a bullish scandal which opens lower than the previous lows because this is where

30
00:02:28,370 --> 00:02:34,150
it's open and this is the closed open below disclosed and closes above the previous high.

31
00:02:34,430 --> 00:02:37,460
So this is the previous high end market is closing above this.

32
00:02:37,970 --> 00:02:41,750
So this is how this is where the bullish engulfing is completed.

33
00:02:42,140 --> 00:02:49,160
What does it indicate indicate that sellers are losing the strength, isn't it, because bulls are taken

34
00:02:49,160 --> 00:02:57,380
control and buyers are gaining the control in the market and that can be a sign of a reversal of the

35
00:02:57,710 --> 00:02:58,280
trend.

36
00:02:58,700 --> 00:03:04,070
Now, we are going to go in the chart and see a few examples.

37
00:03:04,670 --> 00:03:08,090
And I'll also tell you how you can trade them.

38
00:03:09,870 --> 00:03:17,400
So this is a graph of Reliance Industries, can you spot a bullish engulfing in this case?

39
00:03:19,910 --> 00:03:25,940
Yes, so this is where you have bullish engulfing this one, isn't it?

40
00:03:27,230 --> 00:03:28,700
So basically market is falling.

41
00:03:29,510 --> 00:03:32,720
Bears were in control, but bullish engulfing this form.

42
00:03:33,020 --> 00:03:35,630
And this is a sign of trend reversal.

43
00:03:35,690 --> 00:03:40,910
This is an example of bullish engulfing and it worked.

44
00:03:41,120 --> 00:03:44,380
The bullish engulfing came and market went up substantially.

45
00:03:45,260 --> 00:03:50,090
Then we have another example of bullish engulfing in this case.

46
00:03:50,630 --> 00:03:51,760
That is this one.

47
00:03:52,550 --> 00:03:58,480
This is, again, a bullish engulfing that field, isn't it?

48
00:03:58,550 --> 00:04:01,280
So the market should have reversed, but that did not work.

49
00:04:01,730 --> 00:04:04,100
So this is where our filter will come into play.

50
00:04:04,580 --> 00:04:09,830
Our interest is that you should take bullish engulfing.

51
00:04:09,830 --> 00:04:12,110
The market is falling to check number one.

52
00:04:12,440 --> 00:04:16,130
And second, is that the next scandal, which is this one?

53
00:04:16,610 --> 00:04:20,120
This should open bullish, which did not happen.

54
00:04:20,300 --> 00:04:23,560
Market closed here and then open lower than this.

55
00:04:23,570 --> 00:04:25,840
So this scandal was not bullish.

56
00:04:25,850 --> 00:04:27,980
So therefore, second condition is not satisfied.

57
00:04:28,010 --> 00:04:30,320
So in this case, we will not take this great trade.

58
00:04:30,500 --> 00:04:38,360
But in case of this bullish engulfing, you can see that the next Candlewick Open was bullish when it

59
00:04:38,360 --> 00:04:39,380
opened higher than this.

60
00:04:39,380 --> 00:04:41,120
And this is where we are going to take the train.

61
00:04:41,750 --> 00:04:45,890
Do you have to filtrate your trades in such a way that you don't take all of them?

62
00:04:45,890 --> 00:04:48,780
We are to take only those which give us a higher probability.

63
00:04:49,760 --> 00:04:52,730
This is, again, a graph of Hasbi.

64
00:04:53,210 --> 00:04:55,370
Can you spot a bullish engulfing in this case?

65
00:04:57,330 --> 00:04:58,920
This is one.

66
00:05:01,120 --> 00:05:10,660
So you can see that let me zoom out a bit, you can see that market is falling, market is falling,

67
00:05:10,660 --> 00:05:11,250
isn't it?

68
00:05:12,250 --> 00:05:21,430
And that is a bullish engulfing that is formed and market open above this close.

69
00:05:21,490 --> 00:05:25,090
This is where we are going to enter and you can see that market rallied.

70
00:05:25,660 --> 00:05:26,790
This is, again, an example.

71
00:05:26,800 --> 00:05:29,040
I'll give you another example of Tata Steel here.

72
00:05:29,920 --> 00:05:31,390
Can you spot the bullish engulfing?

73
00:05:32,740 --> 00:05:34,330
I can see two bullish engulfing zero.

74
00:05:34,720 --> 00:05:35,830
This is the first one.

75
00:05:36,730 --> 00:05:38,490
Again, market is falling.

76
00:05:39,010 --> 00:05:41,140
Check number one second.

77
00:05:41,740 --> 00:05:45,130
The next scandal is open higher than this.

78
00:05:45,160 --> 00:05:49,310
So at this open, we are going to initiate the trade.

79
00:05:49,400 --> 00:05:53,440
Politics are there and we are going to go along.

80
00:05:53,980 --> 00:05:56,140
Then another bullish engulfing is this one.

81
00:05:57,580 --> 00:05:58,000
When?

82
00:05:59,370 --> 00:06:07,110
Market is falling and bullish, engulfing its form, but you can see here that the next scandal is not

83
00:06:07,470 --> 00:06:08,330
a bullish one.

84
00:06:09,240 --> 00:06:13,230
So we will not go along as as far as this becomes green.

85
00:06:13,230 --> 00:06:16,390
But you can see the next to that candle is green one.

86
00:06:17,100 --> 00:06:22,470
So this is where we have to take a decision that whether you are going to go along or not.

87
00:06:22,590 --> 00:06:27,750
But yes, in this case, if I was in this case, I would have gone along support because, ah, there

88
00:06:28,080 --> 00:06:28,860
you can go alone.

89
00:06:29,130 --> 00:06:35,430
So this is how you can find out the high probability trade using bullish engulfing, bullish engulfing

90
00:06:35,640 --> 00:06:41,670
is a very strong bullish pattern that is available for you to trade.

91
00:06:42,420 --> 00:06:50,830
Now, I am not going to give you a gloomy picture that all the bullish engulfing will work.

92
00:06:51,180 --> 00:06:53,250
Now, I will give you a few examples.

93
00:06:53,250 --> 00:06:55,560
Were in bullish engulfing, did not work.

94
00:06:55,890 --> 00:06:58,460
And I'll also tell you why it did not work.

95
00:06:59,440 --> 00:07:06,490
So let's take an example of the same Tata Steel and I'll tell you a trade in which it did not work.

96
00:07:07,450 --> 00:07:10,040
See here, is it a bullish engulfing?

97
00:07:10,040 --> 00:07:15,490
Yes, market is falling, bullish, engulfing its form, but it should reverse the trend, which did

98
00:07:15,490 --> 00:07:16,100
not happen.

99
00:07:16,390 --> 00:07:16,820
Why?

100
00:07:16,900 --> 00:07:18,150
Because see the next scandal.

101
00:07:18,820 --> 00:07:20,530
What is the next scandal in this case?

102
00:07:20,530 --> 00:07:22,360
Next scandal open Burish.

103
00:07:23,360 --> 00:07:24,560
So are you going to trade?

104
00:07:24,980 --> 00:07:26,670
No, we are not going to put the trade.

105
00:07:26,690 --> 00:07:29,300
So this is where our partners feel.

106
00:07:29,420 --> 00:07:29,940
Why?

107
00:07:29,990 --> 00:07:32,450
Because the next scandal is bearish one.

108
00:07:33,540 --> 00:07:39,870
Ideally speaking when bullish, engulfing his home, next scandal should open in green because that

109
00:07:39,870 --> 00:07:41,820
is the logic, whole logic behind this.

110
00:07:42,150 --> 00:07:48,360
If market is opening lower, then the whole point of trend reversal is not happening.

111
00:07:48,720 --> 00:07:50,790
So therefore, in this case, it did not work.

112
00:07:50,820 --> 00:07:52,150
I'll give you another example.

113
00:07:52,170 --> 00:07:58,620
Now, this is another example of ISBA wherein you can see a bullish engulfing Barford bullish engulfing

114
00:07:58,620 --> 00:08:00,440
market is falling first.

115
00:08:01,440 --> 00:08:03,930
Second, you have to see the second candle.

116
00:08:04,200 --> 00:08:04,950
Next scandal.

117
00:08:05,370 --> 00:08:06,460
This is the next scandal.

118
00:08:06,960 --> 00:08:07,960
Is it a bullish one?

119
00:08:08,140 --> 00:08:08,600
No.

120
00:08:08,820 --> 00:08:10,860
Even next to that scandal is not bullish.

121
00:08:10,860 --> 00:08:13,350
One next to next scandal is not bullish one.

122
00:08:13,800 --> 00:08:18,420
So if you see, you can consider one to two scandals after the bullish.

123
00:08:18,420 --> 00:08:19,320
Engulfing is fun.

124
00:08:19,320 --> 00:08:24,600
And if both of them they are not supporting the bullishness, then there is no point in trading that

125
00:08:24,600 --> 00:08:26,990
particular bullish engulfing, isn't it?

126
00:08:27,600 --> 00:08:29,960
And I'll give you another example where it did not work.

127
00:08:30,570 --> 00:08:33,120
So this is a chart of ICICI Bank.

128
00:08:34,690 --> 00:08:40,930
But bullish engulfing the market is falling, but see the next scandal, this is the next scandal.

129
00:08:41,470 --> 00:08:45,820
What is the scandal in open British Open lower than the close of scandal.

130
00:08:45,850 --> 00:08:46,980
We are not going to trade.

131
00:08:47,350 --> 00:08:48,550
The market was falling.

132
00:08:48,580 --> 00:08:49,720
That was the first week.

133
00:08:49,990 --> 00:08:52,390
But next scandal did not open bullish.

134
00:08:52,720 --> 00:08:54,100
We are not going to take this trade.

135
00:08:54,670 --> 00:08:56,360
So this is how you have to filter.

136
00:08:56,740 --> 00:09:06,160
So I want you to study bullish engulfing patterns like this and not see to yourself what works and what

137
00:09:06,160 --> 00:09:08,980
does not work that will give you more confidence while trading.